Commercial Real Estate in Courtenay available for sale
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Commercial Properties for Sale in Courtenay

Courtenay Commercial Property for Sale

More details for 700 29th St, Courtenay, BC - Industrial for Sale

700 29th St

Courtenay, BC V9N 7S7

  • Industrial for Sale
  • $3,950,000 CAD
  • 15,404 SF
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More details for 397 5th St, Courtenay, BC - Multifamily for Sale

Palace Place - 397 5th St

Courtenay, BC V9N 1J9

  • Multifamily for Sale
  • $23,000,000 CAD
  • 32,667 SF
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More details for 2012 Anderton Rd, Comox, BC - Land for Sale

Well-established and thriving Nursery - 2012 Anderton Rd

Comox, BC V9M 4B1

  • Land for Sale
  • $2,600,000 CAD
  • 38.48 AC Lot
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More details for 585 England Ave, Courtenay, BC - Retail for Sale

Bank of Montreal - 585 England Ave

Courtenay, BC V9N 2N2

  • Retail for Sale
  • $3,800,000 CAD
  • 5,885 SF
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More details for 4070 Fraser Rd, Courtenay, BC - Land for Sale

4070 Fraser Rd

Courtenay, BC V9N 9P4

  • Land for Sale
  • $2,500,000 CAD
  • 5.63 AC Lot
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More details for 1590 Cliffe Ave, Courtenay, BC - Hospitality for Sale

Best Western The Westerly Hotel - 1590 Cliffe Ave

Courtenay, BC V9N 2K4

  • Hospitality for Sale
  • $17,000,000 CAD
  • 66,913 SF
  • Fitness Center
  • Restaurant

Courtenay Hospitality for Sale

The Westerly Hotel at 1590 Cliffe Avenue, Courtenay, BC is offered for sale as a 100% freehold interest. This turnkey investment includes 67 one- and two-bedroom hotel suites operating under the Best Western brand, plus approximately 17,641 sq. ft. of commercial space featuring service-oriented retail, a pub and lounge, and a fitness area (soon to be leasable). The property has undergone significant recent capital improvements, minimizing near-term expenditures and enhancing long-term income potential. Positioned within a supply-constrained hospitality market, this asset offers stable occupancy and diversified revenue streams, making it an attractive addition to any investment portfolio. The property is prominently located along Cliffe Avenue, Courtenay’s primary arterial route, providing excellent visibility and convenient access to the Downtown core. Situated in the heart of the Comox Valley, guests enjoy proximity to world-class recreational activities such as golf, skiing, mountain biking, fishing, kayaking, and scuba diving, as well as cultural attractions like festivals, galleries, and museums. The site spans 2.59 acres with MU-2 zoning and Urban Centre designation under the OCP, supporting mixed-use development. On-site amenities include a restaurant, cocktail lounge, fitness facility, and a soon-to-be-completed spa-like hot tub and sauna.

Contact:

Cushman & Wakefield

Property Subtype:

Hotel

Date on Market:

2024-10-18

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Commercial Properties for Sale in Courtenay

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How many commercial properties are available for sale in Courtenay?
There are currently 7 commercial properties available for sale in Courtenay, offering a unique opportunity for businesses to establish a presence.
How big are the commercial properties available for sale in Courtenay?
The average size of commercial properties available for sale in Courtenay is about 30,217 SF. The largest commercial properties available to buy is 66,913 SF and the smallest is 5,885 SF. The size of the space you'll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.
What's the cap rate for commercial properties in Courtenay?
The average market cap rate for commercial properties for sale is about 3.69% based on data provided in Courtenay. Learn more about how cap rates are calculated.