Cedars Motel

 

Property Type Motels
Status Sold
Business Name Cedars Motel
Province BC
Price $588,000
Sales / Y 50000
Lot Size 20037.6 Sqft / 0.46 Acre

Princeton is located at 282 km east of Vancouver and it takes about 3 hrs from Vancouver. It lies just east of the Cascade Mountains, which continue south into Washington, Oregon and California. It has about 3,000 population and Princeton centers on seven blocks of businesses along Bridge Street and five blocks on Vermilion Avenue. Historically, the area's main industry has been mining such as copper, gold, coal, and some platinum but nowadays the town's biggest employer is a sawmill owned by Weyerhaeuser, along with a few smaller timber companies.Coal mine, copper mine invested by Mitzubishi and woodchips together with dam construction to be started from 2016, are one of the current and future major industries.

Detailed Information

Building Space : 6,106 Sqft

Lot area 20037.6 Sqft / 0.46 Acre

16 motel units + 2 BR Mgr suite

8 units built 2 yrs ago after fire

Owner retire sales after about 15+ yrs

Currently run by just one elderly lady owner

Parking : 16 + cars

Yearly Revenue : $50,000+

Great potential to increase revenue (Current sole owner, not active)

 

No Direct Contact with On-Site Management 
FOR FURTHER INFO OR APPOINMENT FOR VIEWING, CALL
TIM SEO  timseo09@yahoo.ca
Sutton Group-1st West Realty118-3030 Lincoln Avenue Coquitlam, BC VIY 2E5 PHONE 604-358-2111

 

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