250-986-5911
22
$2,850,000 Sale
Listed 128 days ago
640 1st Ave
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· 7066
Key Facts
Key facts for 640 1st Ave
Property Type
Commercial
Parking
On Site
MLS #
1041717
Size
7066 sqft
Basement
-
Listed on
-
Lot size
-
Tax
$34,009 /yr
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!
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Listing courtesy of: RE/MAX Masters Realty

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