$6,750,000
16800 sqft
Area
1964
Built in
Established and profitable motel business with land for sale on busy Macleod Trail. Just minutes away from Chinook Centre Mall. Total 48 rooms with office/breakfast area. 44,546 SF (1.02 acres) lot is also great for future redevelopment. Recently renovated rooms. Lots of potentials for your own ideas and concept to increase sales. Land use C-COR3 with F.A.R. 3 and max height 46 M. Prime l and with 156-meter frontage on McLeod Tr. Commercial signage rental income is also great in this locationbecause of the McLeod Tr traffic. The building was renovated in 1976 and 2006, The roof was replaced in 2017, and The new hot water tank was in 2022. The property is perfect for holding and future development, receiving a passive motel income while you plan and wait for appreciation. After the hard time-COVID-19 period, life is coming back. The business of the hotel has returned to normal, and the income has greatly improved. Easy to arrange a tour. (id:21083) Back
MLS #: A1254851
Courtesy of FIRST PLACE REALTY
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Additional Images

Details

Property Type

Business

Built in

1964
Building

Floor Space

16800 sqft