$305,000
$474,900
35.8%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 05/03/2023
Key Details
Sold Price $305,000
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS® Listing ID A2028764
Sold Date 05/03/23
Originating Board Grande Prairie
Year Built 1960
Annual Tax Amount $5,349
Tax Year 2020
Property Description
Looking to become a business owner? Here's your chance to acquire a thriving turn-key motel with plenty of potential. This property has been meticulously maintained and boasts a prime location just off the main highway in Grimshaw, close to all amenities. Sitting on a spacious 23,338 sq ft parcel, the motel offers 15 units, including a suite, and features ample parking in an oversized gravel lot. The units include two with kitchenettes, eight 2-bedroom units, and five 1-bedroom units. With some modifications, the motel could easily be transformed into long-term rentals, potentially creating 11 suited units with kitchens. Additionally, the adjacent house is also available for sale, currently functioning as an on-site 24-hour live-in office (A2028766), and another house built on a double lot (A2028767). With the purchase of all three properties, you could own six lots and three separate properties. Don't miss out on this excellent opportunity - schedule a viewing today!
Location
Province AB
County Peace No. 135, M.d. Of
Zoning NR
Others
Restrictions Call Lister
Tax ID 56524914
Ownership Private
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "