For Sale $2,900,000 - Motels
34 Rm Motel at 0.6 Acre lot in the busy intersection together with two additional commercial lots of about 0.5 Acre, which could have multi storey commercial building at about 1.1 acre lot in total next to major shopping centers like Save-On-Foods & London Drug.
Currently run by a manager so great Opportunity for the owner operator. Potential of immediate or future development for commercial or multi-family for silver homes.
Excellent Location at the intersection of main roads and adjacent to the major shopping area.
Lot Size : Motel 0.6 Acre + Adjacent 2 lots, 0.48Acre (Additional $1.3M)
Building Size : 13,993 sqft
Projected Revenue : $400,000+ for Motel Room Revenue (2016)
34 rooms / 2,400sqft BD / About 1.1 Acre lot to develop in total