$2,850,000 Sale

Listed 124 days ago

640 1st Ave

MLS® 1041717 Commercial Mix

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Beds · 0

Baths · 0.0

Parking · 0

Sqft · -

Est. mortgage

$10,812/mo

Key Facts

Key facts for 640 1st Ave

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

1041717

Size

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

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:10452)

Full Property Details

Interior

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Washrooms

0.0

Full Bathrooms

Half Bathrooms

Exterior

Acreage

10048 sqft

Parking Spaces

Garage Spaces Y/N

Zoning Type

Unknown

Zoning Description

C-2

Acreage

10048 sqft

Parking Spaces

Garage Spaces Y/N

Zoning Type

Unknown

Zoning Description

C-2

Building Description

Home Type

Commercial

Subtype

Commercial Mix

Home Type

Commercial

Subtype

Commercial Mix

Community

Ladysmith

Area Code

Ladysmith

Community

Ladysmith

Area Code

Ladysmith

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Amy Francoeur

Email: amy@amyfrancoeur.com Cell: 250-857-6704