640 1ST AVENUE - $2,850,000

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$2,850,000
640 1ST AVENUE
Ladysmith, British Columbia V9G1A2
MLS® Number: 1041717
OtherType

About This Property

Own a piece of history with THE LADYSMITH INN! This iconic hotel, bar, and restaurant is an incredible opportunity for a visionary entrepreneur in a high visibility location. Prominently located on one of Canada's most celebrated streets, renowned for its heritage buildings, brightly painted shops, local eateries, and community - offering unparalleled charm and strong foot traffic. The main-floor bar features seating for 200, a pool area, and expansive entertainment space. Equipped with a commercial kitchen featuring with a walk-in freezer, cooler, and gas appliances, perfectly primed to handle high-volume service. Additionally, a 1,752 sq. ft. street-facing retail space on First Avenue provides the perfect canvas for a complementary business or a lucrative commercial lease. Upstairs, 15 rental suites deliver steady cash flow. With multiple established revenue streams and endless possibilities to renovate and rebrand, this is a rare chance to build a thriving hospitality legacy! Please do not contact the staff directly (id:64973)

Property Details

Lot Size10048 (10,048 square feet)
Property TypeOther
Annual Taxes$34,009
CityLadysmith
Postal CodeV9G1A2
MLS® #1041717

Location

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