4814 56 Street
Wetaskiwin, Alberta
MLS® 44843316
$4,450,000
- Status
- Active
- Property type
- Hospitality
- MLS® number
- 44843316
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 2Listing description
RECEIVERSHIP SALE. Rare opportunity to acquire the Travelodge by Wyndham in Wetaskiwin, a 23,299 SF income-producing property featuring a 29-room hotel, six retail units, and approximately 0. 91 acres of excess developable land.
Located on Highway 2A and one of only three hotels in the market, the asset offers diversified revenue from established tenants, vacant value-add retail space, and significant upside through hotel rebranding, operational improvements, or future development.
Property summary
- MLS® number
- 44843316
- Property type
- Hospitality
- Square footage
- 23,299 sq ft
- Land size
- 78843.6 square feet
- Days on market
- 110 days
What would this home cost you?
Based on the $4,450,000 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 NAI Commercial Real Estate Inc, Edmonton.
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.