631 E Island Hwy
PQ Parksville Parksville V9P 1T5

$70,000 /mth
Commercial Sale

Front of building
Photo 1: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 2: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 3: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 4: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 5: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 6: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 7: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 8: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 9: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 10: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 11: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 12: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Photo 13: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
Status:
Active
Prop. Type:
Commercial Sale
MLS® Num:
969228
The "El Faro" Market (and Restaurant) in Parksville is for sale. Currently, the restaurant hosts open mike nights twice a week and has a paid performer for one evening. The meals are healthy and plentiful. The owners have incorporated a gluten free market store as part of the business. Popular outdoor patio for the summer months. Liquor licence for 45 patrons. Nicely appointed interior. Take out is a growing part of the business.
Property Type:
Commercial Sale
Type:
Business
Commercial Type:
Business
Lease Type:
Gross
Listing General Location:
PQ Parksville, Parksville/Qualicum
Bathrooms:
- (Full:-/Half:-)
Taxes:
$0 / 2024
Building Features:
High Traffic Area, Laundry Room, Leasehold Improvements, Parking, Public Restroom(s), Security System, Storage Room, Transit Nearby, Visual Exposure
Construction:
Brick
Foundation:
Concrete Perimeter, Slab
Number of Storeys:
1
Ceiling Heights:
9'
Floor finish:
Concrete
Leasable Area:
2,000 sq. ft.
Commercial Area:
Other
Subdivisable Area:
No
Water supply:
Municipal
Sewer:
Septic System
Fireplace:
No
Equip/Machinery, Fixtures, Goodwill, Inventory, Leasehold Improvements, Supplies, Trade Name(s)
Balcony/Patio, Fenced, Lighting, Security System, Sign: Allowed, Storefront, Wheelchair Access
Main Level
Assessed:
0.0
Assessment year:
0
Approximate Inventory Value:
5000
Fixed Equipment Approx. Value:
93000
Goodwill Approx. Value:
61000
Jurisdiction name:
Alberni Rural (769)
Legal Description:
El Faro Restaurant and Market, Business only on leased premises, located at 631 Island Highway E., Parksville, BC, V9P 1T5
Legal Non-Conformance:
No
Other Equipment:
Security System
Occupancy:
Owner
Lot Site Features:
Central Location, Easy Access, Level
Parking Features:
On Site
Total Parking Spaces:
12
Road Surface Type:
Paved
Business Type:
Restaurant/Bar, Retail
Business Established Year:
2019
Date Listed:
Jul 01, 2024
Original Price:
70000.0
  • Photo 1: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
    Front of building
  • Photo 2: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
    Entertainment area
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  • Photo 5: 631 E Island Hwy in Parksville: PQ Parksville Business for sale (Parksville/Qualicum)  : MLS®# 969228
    Market area
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    Photo 13 of 13
Data was last updated July 12, 2024 at 08:05 PM (UTC)
Area Statistics
Listings on market:
38
Avg list price:
$734,500
Min list price:
$70,000
Max list price:
$8,900,000
Avg days on market:
39
Min days on market:
2
Max days on market:
246
These statistics are generated based on the current listing's property type and located in PQ Parksville. Average values are derived using median calculations.
Frank Fairley
Nancy Bolch
MLS® property information is provided under copyright© by the Vancouver Island Real Estate Board and Victoria Real Estate Board. The information is from sources deemed reliable, but should not be relied upon without independent verification.