Business in your area
MLS® A2358020
$6,190,000
- Status
- Active
- Property type
- Business
- MLS® number
- A2358020
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1978
1 / 3Listing description
CONFIDENTIAL LISTING. Established 80-room motel combined with a 9-unit commercial retail plaza on a high-traffic commercial corridor in Central Alberta. Two complementary income streams: hospitality revenue plus stable retail rent (approx.
$430K annualized plaza income). Extensive capital improvements since 2017 including roofs, windows, washrooms, hot-water tanks, LED lighting, CCTV, key-card access and pylon sign. All 80 rooms renovated 2019-2020.
On-site owner-operated coin laundromat. C4 zoning, separate driveways for motel and plaza. Turn-key operation.
Property address, name and financials released only to qualified buyers after signing a Confidentiality Agreement. Please do not approach staff, guests or tenants.
Property summary
- MLS® number
- A2358020
- Property type
- Business
- Leasable Area
- 42,006 sq ft
- Title
- Freehold
- Land size
- 2.82 acres
- Built in
- 1978
- Annual property taxes
- $88,700.00
- Days on market
- 0 days
What would this home cost you?
Based on the $6,190,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of CIR Realty, Red Deer.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.