$1,750,000
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0.89 Acres Lot
SOLD DATE : 09/01/2023
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Sold
Purchase Type For Sale
MLS® Listing ID A2017332
Year Built 1974
Annual Tax Amount $15,817
Tax Year 2021
Lot Size 0.889 Acres
Property Sub-Type Hotel/Motel
Property Description
Well run 40 room franchise motel with great online reviews, located in the heart of Camrose on highway commercial
retail district, ample parking, with Dairy Queen, Wendy's and other restaurants and shopping within walking distance. A very desirable
investment to make in the City of Camrose. Centrally located on Camrose's main corridor. High visibility and high traffic location. Great
exposure. Close proximity to all of Camrose's new west end developments. Consistent return corporate clients: oil field, pipeline, road
work, construction companies, semi long term stay and retail customers for the various activities, festivals in Camrose County. On most
events date/weeks, this motel has 95% occupancy without the help of internet booking websites, so the motel operator keeps most of the
profit. Solid investment especially for owner operators. Current owner is in Vancouver and planning to retire. An opportunity for someone
who likes to continue this successful operation. The franchise extends to Nov 2023, after which, the new owner can continue with the
current franchise, rebrand, or operate as independent. 60 meter by 60 meter flat site, zoned C2 on 48th Avenue. Seller financing
considered for qualified parties with a minimum $1M down payment.
Location
Province AB
County Camrose County
Zoning C2
Exterior
Roof Type Asphalt Shingle
Building
Lot Description Flag Lot
Structure Type Wood Frame
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