590238 Sqft Commercial Property in Malahat & Area
$1,987,000 - MLS® NO.340695
231 Trans Canada Hwy
Malahat & Area - ML Malahat Proper
Terrific ocean view development site. Two Lots totalling 13.55 ACRES, ZONED COMMERCIAL/RESIDENTIAL MIX, Approx 3.5 Acres developed, with potential for development on other 10 Acres. Current use as Gas Station with Convenience Store, Post Office & Laundry Facilities, and "OCEAN VIEW MOTEL", 14 residential Units, including managers residence and 3 mobile home pad rentals. This unique site has tremendous development potential, including subdivision or res./com. Past revenue history indicates great upside potential not currently pursued by senior owners. Excellent results of Phase 2 Environmental available.
Existing Lease Expiration Date:
Motel or Hotel,Retail
Approx. Value of Fixed Equip:
View: Mountain,View: Water,Well(s)
High Traffic Area,Highway Access,Road: Paved
Mike Nugent - DFH Real Estate Ltd.
Mike Lagadyn - DFH Real Estate Ltd.