DYNAMIC MOTEL INVESTMENT & REPOSITIONING OPPORTUNITY

1485 COLUMBIA AVENUE | CASTLEGAR, BC

$1,400,000

For Sale

$1,400,000

For Sale

The Opportunity

RLK Commercial is pleased to offer for sale a 100% interest in the Twin Rivers Motel, located at 1485 Columbia Avenue in Castlegar, BC – an exceptional investment and repositioning opportunity with consistent occupancy and tremendous upside. Featuring 15 suites complete with kitchenettes, 6 serviced RV pads including a detached mobile home, a 2-4 bedroom manager’s suite, and flexible C-2 (Highway Commercial) zoning, the property lends itself well to overnight, short-term, or long-term rentals. With consistent average occupancy of 70.8% for the 18 months ended Dec-2023, the property has recently capitalized on significant demand from regional industrial shutdown workers and Castlegar’s unprecedented number of construction projects, which require accommodations for their workers.

Twin Rivers Motel is being offered as either a share sale or an asset sale.


Property Details

Twin Rivers Motel features two building blocks. “Block 1” sits parallel to Columbia Avenue, and includes 6 motel “bachelor” suites, with open concept living room, full size kitchen with stove and fridge, private bedroom and bathroom. Connected to Block 1 is the manager’s office, laundry room, and storage for motel operations. A 900 sq. ft. manager’s suite is also connected to Block 1, featuring 2-4 bedrooms, one bathroom, a kitchen, and large living/dining areas. A ~600 sq. ft. uninsulated detached garage with two overhead doors sits behind the manager’s suite.

“Block 2” sits perpendicular to Columbia Avenue, and includes 9 “studio” suites, with an open concept bedroom/living room with room for 2 beds, one bathroom, and kitchenette with stove (6 of 9). All units have a minifridge, microwave and coffeemaker.

Each block has one gas fired hot water tank. The laundry room and manager’s residence also have their own hot water tanks. Power is estimated at 125 amps to Block 1 motel suites, 125 amps to the manager’s residence, and 200 amps for Block 2.

An additional 6 serviced RV pads sit behind Block 2, each with power and water, fed from same 125 amp service as the Block 1 suites.

 

MUNICIPAL ADDRESS 1485 Columbia Avenue
ZONING C2 | Highway Commercial
LOT SIZE 1.23 Acres
BUILDING SIZE 7,045 SF
PID 016-927-354
LEGAL DESCRIPTION LOT 1, PLAN NEP19154, DISTRICT LOT 4598, KOOTENAY LAND DISTRICT, EXCEPT PLAN EPP77520, & EXC PL EPP85310, 21201 TWIN RIVERS MANUFACTURED HOME PARK, MHP ROLL # 21-201-00589.500
PRICE $1,400,000

 


SITE PLAN

 

FLOOR PLANS

 


Location Overview

Located along Columbia Avenue – Castlegar’s primary commercial corridor – and immediately adjacent to Tim Hortons, Dollarama, No Frills and Barburrito. Situated on the banks of the mighty Columbia River, motel guests and tenants benefit from scenic mountain valley views and beautiful forest walking trails, directly connecting the property to the riverside below.


Property Details

Property Type:

COMMERCIAL

Address:

1485 COLUMBIA AVENUE | CASTLEGAR, BC

Unit Size:

+/- 7,045 SF

Land Area:

1.23 ACRES

Zoning:

C2

Parking:

SHARED ON SITE

BROCHURE

Download File

FLOOR PLAN

Download File

SITE PLAN

Download File

Presented By

TRISTAN CHART

250.777.7493

Email TRISTAN CHART

tristan@tristanchartcommercial.com


Request More Info



Property Details

Twin Rivers Motel features two building blocks. “Block 1” sits parallel to Columbia Avenue, and includes 6 motel “bachelor” suites, with open concept living room, full size kitchen with stove and fridge, private bedroom and bathroom. Connected to Block 1 is the manager’s office, laundry room, and storage for motel operations. A 900 sq. ft. manager’s suite is also connected to Block 1, featuring 2-4 bedrooms, one bathroom, a kitchen, and large living/dining areas. A ~600 sq. ft. uninsulated detached garage with two overhead doors sits behind the manager’s suite.

“Block 2” sits perpendicular to Columbia Avenue, and includes 9 “studio” suites, with an open concept bedroom/living room with room for 2 beds, one bathroom, and kitchenette with stove (6 of 9). All units have a minifridge, microwave and coffeemaker.

Each block has one gas fired hot water tank. The laundry room and manager’s residence also have their own hot water tanks. Power is estimated at 125 amps to Block 1 motel suites, 125 amps to the manager’s residence, and 200 amps for Block 2.

An additional 6 serviced RV pads sit behind Block 2, each with power and water, fed from same 125 amp service as the Block 1 suites.

 

MUNICIPAL ADDRESS 1485 Columbia Avenue
ZONING C2 | Highway Commercial
LOT SIZE 1.23 Acres
BUILDING SIZE 7,045 SF
PID 016-927-354
LEGAL DESCRIPTION LOT 1, PLAN NEP19154, DISTRICT LOT 4598, KOOTENAY LAND DISTRICT, EXCEPT PLAN EPP77520, & EXC PL EPP85310, 21201 TWIN RIVERS MANUFACTURED HOME PARK, MHP ROLL # 21-201-00589.500
PRICE $1,400,000

 


SITE PLAN

 

FLOOR PLANS

 


Location Overview

Located along Columbia Avenue – Castlegar’s primary commercial corridor – and immediately adjacent to Tim Hortons, Dollarama, No Frills and Barburrito. Situated on the banks of the mighty Columbia River, motel guests and tenants benefit from scenic mountain valley views and beautiful forest walking trails, directly connecting the property to the riverside below.