WESTCOAST WATERFRONT DEVELOPMENT PROPERTY W/ HOTEL
Seller:
Attn:
John Mostowich
Location:
Tofino, British Columbia, CA
Listing Number:
"VANCOBC002136"
Overview of the Business:
This approximately 1.5 acre waterfront parcel is located in the Village of Tofino BC.
There are three adjoining lots, which in combination provide control over a small oceanfront bay.
Zoning on one lot is R2 Commercial or Family Use. The remaining parcel is zoned zoned C-5 Tourist Commercial District. The entire parcel is within the village commercial development zone. Permitted uses within this zoning category include hotels, spas, resorts and motels, restaurants, conference facilities and retail.
The topography of this parcel is a level building area adjacent to road access with a steep slope toward the ocean. It has excellent views.
On two of the lots there is an operating 13 room hotel which generates average annual gross sales of $490,000 and Discretionary Earnings of $190,000. It would be feasible to maintain revenues from the existing hotel while redeveloping the entire property in phases.
Seller will consider a joint venture for redevelopment. Seller is motivated for a quick sale.
Property Features and Assets:
1.5 acre waterfront parcel.
Additional Details:
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