5125 North Avenue ave - Hospitality FOR SALE


Swan Hills, AB T0G 0B6
$1,550,000 CAD
587-416-3521
5125 North Avenue ave, Swan Hills, AB for Sale
$1,550,000 CAD
Hospitality - FOR SALE
1/21
null | 12.42% Cap Rate

5125 North Avenue ave
Swan Hills, AB T0G 0B6


OVERVIEW

Great price on this 32-unit motel! Priced to sell! Built in 2009 with insulated concrete construction, complete with 800-amp electrical and a hydronic heating system with in-floor heating—this is a turnkey operation! Situated on North Avenue in Swan Hills, this investment opportunity benefits from service industry clientele in the Big Lakes area. The site is on a 4.74-acre parcel zoned for highway commercial, with only 1.5 acres currently in use. There is potential for a restaurant or further expansion. The motel also offers RV hookups for up to 15 RVs. Rooms consist of 16 one-bedroom and 16 two-bedroom units. Ceramic and laminate flooring throughout; fully air-conditioned. Lots of room for expansion—great opportunity! Certified appraisal available. Has a 9% cap rate!

FOR SALE DETAILS

PRICE

$1,550,000 CAD

PRICE/SF

$98 CAD /SF

# OF ROOMS

32

PRICE/ROOM

$48,438 {currency}

CAP RATE

12.42%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Welcome Inn Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2009

PARKING SPACES

50

LAND DETAILS

LAND ACRES

4.74 AC

LAND SF

206,474 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tim GartnerMaxwell ProgressiveMore Info
587-416-3521

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Tim GartnerMaxwell ProgressiveMore Info
587-416-3521

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