110 Riverside Drive

$5,900,000

10241463
MLS#

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Description

I am pleased to offer the Riverside Motel, a family favorite in the Penticton accommodation scene. There are 48 units in total, with 45 being kitchen units. The current owner operates seasonally so there is plenty of opportunity to operate year around catering to snowbirds! The Riverside Motel has an amazing location! Within steps of the Okanagan Lake, Channel Parkway, Coyote Cruises River Tubing, Loco Landing Adventure Park, guests won't run out of things to do! Local shops such as Starbucks, Tim Hortons, Quality Greens are nearby. Lakeshore Drive is just around the corner, with over a kilometer of beautiful safe sandy beaches and fabulous restaurants to enjoy. This is a great opportunity to buy and hold or potentially redevelop! The current owner and only the third owner since the mid-1960s!

Overview

  • Price $5,900,000
  • MLS # 10241463
  • Age 1964
  • Water Municipal water
  • Sewer Municipal sewage system

Contact Scott for more information or to set up a viewing.

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