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$ 1,390,000
Est. payment | /mo
10,340 SqFt
$ 1,390,000
Est. payment | /mo
10,340 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 10,340 sqft
Price per Sqft $134
MLS Listing ID A2272522
Year Built 2009
Lot Size 10,454 Sqft
Acres 0.24
Property Sub-Type Hotel/Motel
Property Description
Fantastic opportunity to own & operate your own family-run business in Alberta. This 32-unit motel built in 2009, is a turnkey operation with income potential. Designed with long-term sustainability featuring insulated concrete construction, an 800-amp electrical system, hydronic in-floor heating, laminate flooring, Ceramic Tile Showers & Full A/C in every unit. Located on a 4.74-acre parcel zoned Highway Commercial, only 1.5 acres are currently developed, leaving Excellent potential to add a restaurant, lounge, or convenience store—ideal for involving family members in the day-to-day operations & expansion. Motel includes 16-1 bedroom & 16-2 bedroom units, no shared walls for maximum guest privacy. With 15 RV hookups, flexible rental options for daily, weekly, or monthly stays, certified appraisal & a strong 9% cap rate. This is an outstanding opportunity for families looking to build a lasting, profitable business. A rare chance to invest in your future and work side by side with those who matter most.
Location
Province AB
Zoning 70
Direction NW
Interior
Heating Boiler, Natural Gas
Inclusions Furniture All, Microwaves All, Tv's All, Snow Clearing Tractor
Fireplace No
Exterior
Roof Type Asphalt Shingle
Total Parking Spaces 40
Garage No
Building
Dwelling Type Hotel/Motel
Foundation None
Others
Restrictions None Known
Listed by RE/MAX Real Estate (Edmonton)
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