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Hope Motor Hotel 272 Wallace St 25 Room Hotel Hope, BC V0X 1L0 $1,550,000 CAD ($62,000 CAD/Room)
Investment Highlights
- Landmark downtown property with established community presence.
- CBD Downtown Commercial zoning supports multiple future uses.
Executive Summary
Rare opportunity to own a landmark property in the city center of Hope. The Hope Motor Motel has is a 3 level building with restaurant & bar set up, and it's ready for your new idea. The adjacent liquor store business with property is potentially available for purchase together. The property is zoned for CBD-Downtown Commercial with flexible zoning use. Future Potential for Retail on main, Motel or residential units on top. Hope is experiencing high growth, seize this strategic location now for your future business endeavors.
Property Facts
| Price | $1,550,000 CAD | Lot Size | 0.58 AC |
| Price Per Room | $62,000 CAD | Building Size | 35,297 SF |
| Sale Type | Investment | No. Rooms | 25 |
| Property Type | Hospitality | No. Stories | 3 |
| Property Subtype | Hotel | Year Built | 1960 |
| Building Class | C | Corridor | Interior |
| Zoning | CBD | ||
| Price | $1,550,000 CAD |
| Price Per Room | $62,000 CAD |
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.58 AC |
| Building Size | 35,297 SF |
| No. Rooms | 25 |
| No. Stories | 3 |
| Year Built | 1960 |
| Corridor | Interior |
| Zoning | CBD |
Amenities
- On-Site Retail
- High Speed Internet Access
- Public Access Wifi
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Guest Room | 25 | $69.00 CAD | - |
1 1
Very walkable
80/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
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Hope Motor Hotel | 272 Wallace St
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