$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
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