$1,190,000
Commercial ยท MLSยฎ A21599335,500Sq Ft
1991Year Built
02 / Overview
PROPERTY OVERVIEW
-Motel rooms are lease to long term tenants of $850 per a month.
-Room and roof of motel were renovated in 5 years ago.
-Only Bar in town with 5 VLTs.
-Liquor sales is $400,000 with 22~24% margin.
-New owner can run the local popular restaurant business or lease it.
-3,500 population with schools, hospital, grocery store, etc.
-1.5 hours from Calgary, 2.5 hours from Edmonton.
03 / Details
PROPERTY DETAILS
Property TypeCommercial
Building TypeHotel/Motel
Total Finished Area5,500 sq ft
Lot Size9,950 sq ft
ZoningCB
Year Built1991
04 / Commercial
COMMERCIAL METRICS
Commercial properties require specialized analysis. Contact us for cap rate and NOI calculations based on actual lease data.
Price per Sq Ft$2165,500 sq ft building
Building Size5,500 sq ftTotal building area
Property TypeHotel/MotelCommercial classification
ZoningCBUse classification
Commercial investment inquiry?Contact us for detailed financial analysis
05 / Location
NONE
Needs ReviewLoading map...
Investment Score53/100
Avg Home Price$746K
Active Listings1435
Listed by Simon Choi ยท RE/MAX Complete Realty