2889 Howard Av - Hospitality FOR SALE


Windsor, ON
$9,900,000 CAD
226-774-1420
2889 Howard Av, Windsor, ON for Sale
$9,900,000 CAD
Hospitality - FOR SALE
1/58
null | Request Cap Rate

2889 Howard Av
Windsor, ON


HIGHLIGHTS

  • Heavy Day & Night Time Traffic
  • Close to all highways and borders
  • High Income Potential

OVERVIEW

Exceptional opportunity to acquire the 87-room Ivy Rose Motel and the iconic Hi-Ho Diner in one of Windsor’s most trafficked areas. Motel features all new furniture in every room and offers a strong mix of long-term multi-room suites and short-stay accommodations, generating consistent high turnover. The Hi-Ho Diner, established in 1937 and famous for its “Grumpy Burger,” was a 1950s–60s hotspot and revived in 2017 with original recipes. Restaurant also enjoys high customer turnover and recent upgrades including new roof, new 10-ton A/C unit, and fully renovated kitchen. Turnkey hospitality and restaurant investment with strong brand recognition and income potential.

FOR SALE DETAILS

PRICE

$9,900,000 CAD

PRICE/SF

$268 CAD /SF

# OF ROOMS

91

PRICE/ROOM

$108,791 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ivy Rose Motor Inn & Restaurant

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1985

PARKING SPACES

34

LAND DETAILS

LAND ACRES

3.5 AC

LAND SF

152,460 SF

ZONING

CD3.3MD2.2

APN/PARCEL ID

373908002004000

ASK ABOUT THIS PROPERTY

Julio MangaRemo Valente Real EstateMore Info
226-774-1420

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Julio MangaRemo Valente Real EstateMore Info
226-774-1420

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.