$1,390,000 Sale
Listed 8 hours ago
5125 NORTH Avenue
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Key Facts
Key facts for 5125 NORTH Avenue
Property Type
Commercial
Parking
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MLS®
E4464449
Size
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Basement
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Listed on
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Lot size
-
Tax
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Days on Website
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Year Built
2009
Maintenance Fee
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Description
Fantastic opportunity to own & operate your own family-run business in Alberta. This 32-unit motel built in 2009, is a turnkey operation with income potential. Designed with long-term sustainability featuring insulated concrete construction, an 800-amp electrical system, hydronic in-floor heating, l...aminate flooring, Ceramic Tile Showers & Full A/C in every unit. Located on a 4.74-acre parcel zoned Highway Commercial, only 1.5 acres are currently developed, leaving Excellent potential to add a restaurant, lounge, or convenience store—ideal for involving family members in the day-to-day operations & expansion. Motel includes 16-1 bedroom & 16-2 bedroom units, no shared walls for maximum guest privacy. With 15 RV hookups, flexible rental options for daily, weekly, or monthly stays, certified appraisal & a strong 9% cap rate. This is an outstanding opportunity for families looking to build a lasting, profitable business. A rare chance to invest in your future and work side by side with those who matter most.
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Courtesy of: Tim A Gartner, MaxWell Progressive