Property Details

641 Main Street, Yarmouth,
Nova Scotia B5A 1K2

$925,000

MLS #201810011

Location

43°51"6.4174956033598' N, 66°6"48.72230529768' W

Property Highlights

File #9951C
MLS®:201810011
PID:90198425 & 90201401
Area:Yarmouth
Type:Commercial
Age ±:175
Lot Size:39290.0+ 16328.0 sq ft
Assessment:$282,600 (2018)
Building Dimensions:Irregular

Property Description

Amazing business opportunity with owner financing available with a 50% down payment, 5% compound interest due in 10 years and amortized over 15 years. This historic mid century modern motel has been updated and restored and has become a very successful business. The current owner has made extensive improvements to this property which includes a new roof, 400 amp electrical entrance, plumbing, laundry room, restaurant, landscaping, new beds and many other items to make this a very comfortable and inviting place to offer to quest. This motel is open all year long,but it could be successfully operated as a seasonal business. There is a fully licensed restaurant, licence room service and patio. Located at the edge of downtown Yarmouth but off the beaten path in a nicer residential area with a lake and small park just across the road. 24 guest rooms to offer and two owner suites. Included is an adjoining lot with a 2 storey warehouse/ garage for storage which is zoned commercial and offers great potential for future development.

Additional Property Info

Questions? Additional Information:

641 Main Street, Yarmouth, Nova Scotia B5A 1K2

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 91A Water Street, Yarmouth, NS B5A 4P6