$2,100,000.00 17,000 Sq.ft

Address Not Available

Description

Well run 40 room franchise motel with great online reviews, located in the heart of Camrose on highway commercial retail district, ample parking, with Dairy Queen, Wendy's and other restaurants and shopping within walking distance. A very desirable investment to make in the City of Camrose. Centrally located on Camrose's main corridor. High visibility and high traffic location. Great exposure. Close proximity to all of Camrose's new west end developments. Consistent return corporate clients: oil field, pipeline, road work, construction companies, semi long term stay and retail customers for the various activities, festivals in Camrose County. On most events date/weeks, this motel has 95% occupancy without the help of internet booking websites, so the motel operator keeps most of the profit. Solid investment especially for owner operators. Current owner is in Vancouver and planning to retire. An opportunity for someone who likes to continue this successful operation. The franchise extends to Nov 2023, after which, the new owner can continue with the current franchise, rebrand, or operate as independent. 60 meter by 60 meter flat site, zoned C2 on 48th Avenue. Seller financing considered for qualified parties.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A1219842
City:Camrose
Neighbourhood:
Province:Alberta
Building/Unit Size: 17,000 sq.ft
Land Size:0.89 Acre
Listing Price:$2,100,000.00
Listing Price Arce: $0 per Acre
Business Type: Hotel/Motel Hotel,Motel
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:C2
Listing Contract Date:2022-05-18

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "FIRST PLACE REALTY" listing brokerage.

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