33790 Essendene Ave - Hospitality FOR SALE


Abbotsford, BC V2S 2H2
$8,700,000 CAD
236-233-4815
33790 Essendene Ave, Abbotsford, BC for Sale
$8,700,000 CAD
Hospitality - FOR SALE
1/10
null | Request Cap Rate

33790 Essendene Ave
Abbotsford, BC V2S 2H2


OVERVIEW

Avison Young is pleased to present a rare and exceptional opportunity to acquire the Fraser Valley Inn and Adjacent Parking Lot (the “Property”) through a court-ordered sale. The Properties are located at 33790 Essendene Avenue & 2540 West Railway Street, Abbotsford, BC. This offering includes a 28-key hotel, free of branding and management agreements, a high-value liquor license, and on-site amenities such as a 125-seat pub, restaurant, banquet hall, and a 23,620-square-foot parking lot. The parking lot not only provides ample guest parking but also holds significant redevelopment potential. Centrally located in Abbotsford, the Property is surrounded by numerous amenities, offers seamless access to Highway 1, and is conveniently situated just six kilometers from the Sumas Border Crossing into the United States. This court-ordered sale opportunity offers immense potential for revenue growth, future development, and branding and management opportunities.

FOR SALE DETAILS

PRICE

$8,700,000 CAD

PRICE/SF

$363 CAD /SF

# OF ROOMS

28

PRICE/ROOM

$310,714 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Fraser Valley Motor Inn

PROPERTY TYPE

Hospitality

ADD'L SUBTYPES

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TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

1927

PARKING SPACES

17

LAND DETAILS

LAND ACRES

1 AC

LAND SF

43,560 SF

ZONING

C7

APN/PARCEL ID

003-435-156,016-811-941

ASK ABOUT THIS PROPERTY

Bijan LaljiAvison YoungMore Info
236-233-4815

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Bijan LaljiAvison YoungMore Info
236-233-4815

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.