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Listing Details

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Description

Great opportunity to own and operate BEVERLY MOTEL, a 17-room motel in North East Edmonton! The two-story 4,900 SF building has 15 and one story building has 2 guest rooms (GR). 7 GR comes with full bath (FB) and 2 separate rooms with queen beds (QB). 5 GR has FB and 1xQB. Remaining 5 GR has half bath and 1xQB. Rooms are furnished with sitting area, TV, Fridge, Microwave oven, Office desk, Telephone and WiFi. The reception area is in the one-story 2,400 SF building. It has very good potential for generating more revenue. 118 Avenue front side of the building can be leased to a commercial tenant for a variety of usage including restaurant/kitchen, office/retail, etc. There is also a 3 bed-room owner/managers suite in this building. This space can be converted to a 2/3 bed-room suite with full kitchenette for guests. Metal roofs on both buildings are newer. All mechanical, electrical systems are in excellent shape. Operating with low net positive cash flow. Please explore the potential.

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© 2021 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data last updated: 2021-09-16T23:36:05.343 UTC.
Mortgage Calculator is provided by BoomTown.
www.muveteam.com/homes/117725020
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4403 118 AV NW Edmonton, AB T5W 1A8

  • Price: $880,000
  • Status: Active
  • ID#: E4246713
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Beds
0
Baths
0
½ Baths
N/A
Acres
7,300
SQFT
$121
$/SQFT
1964
Built
Neighbourhood:
Beverly Heights
Area:
Edmonton
Property Description
Great opportunity to own and operate BEVERLY MOTEL, a 17-room motel in North East Edmonton! The two-story 4,900 SF building has 15 and one story building has 2 guest rooms (GR). 7 GR comes with full bath (FB) and 2 separate rooms with queen beds (QB). 5 GR has FB and 1xQB. Remaining 5 GR has half bath and 1xQB. Rooms are furnished with sitting area, TV, Fridge, Microwave oven, Office desk, Telephone and WiFi. The reception area is in the one-story 2,400 SF building. It has very good potential for generating more revenue. 118 Avenue front side of the building can be leased to a commercial tenant for a variety of usage including restaurant/kitchen, office/retail, etc. There is also a 3 bed-room owner/managers suite in this building. This space can be converted to a 2/3 bed-room suite with full kitchenette for guests. Metal roofs on both buildings are newer. All mechanical, electrical systems are in excellent shape. Operating with low net positive cash flow. Please explore the potential.
Property Features

Land Use Zoning Cb2 Major Business Type Accommodation/Travel And Tourism Minor Business Type Hotel/Motel Property Type Details Business With Property Transaction Type For Sale

© 2021 REALTORS® Association of Edmonton. All Rights Reserved.
Mortgage Calculator is provided by BoomTown.


© 2021 REALTORS® Association of Edmonton. All Rights Reserved. Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Data last updated: 2021-09-16T23:36:05.343 UTC.
Mortgage Calculator is provided by BoomTown.
 
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Müve Team | Royal LePage ArTeam Realty
14101 West Block Dr NW, #203
Edmonton AB, T5N 1L5
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