This offering provides an opportunity to purchase an established lakefront motel with development potential on the shores of Okanagan Lake in Penticton, British Columbia. The site can be potentially rezoned from CT1 to CT6, thereby increasing the density to a 1.75 FSR. This would allow a developer to build a 4 to 5 storey hotel with approximately 17 to 19 rooms per floor for a total of 65 to 75 rooms. ASKING $3,900,000
For a detailed information package download the “Lakefront Hotel Development Site” PDF file above. We have also provided a link to the Crown Resort Motel’s website.