(Undisclosed Address), Camrose

$2,100,000

.89 Acres

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.

Essential Information
MLS® #A1219842
Price$2,100,000
Bathrooms0.00
Acres0.89
Year Built1974
TypeCommercial
Sub-TypeHotel/Motel
StatusActive
Community Information
AddressN/A
CityCamrose
CountyCamrose
ProvinceAlberta
Amenities
Parking Spaces40
Additional Information
Date ListedMay 18th, 2022
Date Last UpdatedNovember 30th, 2022
Days on Market196
ZoningC2
Listing Details
OfficeFIRST PLACE REALTY

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