Established and profitable motel business with land for sale on busy Macleod Trail. Just minutes away from Chinook Centre Mall. Total 48 rooms with office/breakfast area. 44,546 SF (1.02 acres) lot is also great for future redevelopment. Recently renovated rooms. Lots of potential for your own ideas and concept to increase sales. Land use C-COR3 with F.A.R. 3 and max height 46 M. Prime land with 156 meter frontage on McLeod Tr. Commercial signage rental income is also great in this location because of the McLeod Tr traffic. The property is perfect for hold and future development, receiving a passive motel income while you plan and wait for appreciation. Right now the market is low and timing is right. Easy to arrange tour.
|Price Reduced||$5,200,000||$650,000 (11.11%)|
|Price Reduced (from $5,950,000)||$5,850,000||$100,000 (1.68%)|
Disclaimer: Information herein deemed reliable but not guaranteed by CREB®.
Listing information last updated on October 22nd, 2019 at 4:45am MDT.