4814 56 St - Hospitality FOR SALE


Wetaskiwin, AB T9A 1V8
$4,450,000 CAD
780-435-5507
4814 56 St, Wetaskiwin, AB for Sale
$4,450,000 CAD
Hospitality - FOR SALE
1/1
null | 3.5% Cap Rate

4814 56 St
Wetaskiwin, AB T9A 1V8


HIGHLIGHTS

  • Located in the city of Wetaskiwin directly along the main thoroughfare of 56 Street (Hwy 2A).
  • 1.81 AC± site consists of ample paved surface parking for hotel and retail clients, totaling approximately 64 stalls.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$4,450,000 CAD

PRICE/SF

$191 CAD /SF

# OF ROOMS

29

PRICE/ROOM

$153,448 {currency}

CAP RATE

3.5%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Travelodge by Wyndham Wetaskiwin

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

C

YEAR BUILT

2011

PARKING SPACES

64

LAND DETAILS

LAND ACRES

1.81 AC

LAND SF

78,844 SF

ZONING

C3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Michael ParsonsNAI CommercialMore Info
780-435-5507

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Michael ParsonsNAI CommercialMore Info
780-435-5507

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