115 2nd St SE - Hospitality FOR SALE


Vulcan, AB T0L 2B0
$1,360,000 CAD
587-573-0614

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$1,360,000 CAD
Hospitality - FOR SALE
null | Request Cap Rate

115 2nd St SE
Vulcan, AB T0L 2B0


OVERVIEW

A well-maintained, one of few motels nestled in the hub of construction sites for solar power, wind turbine and oil related industry. Larger part of customers stay on monthly or weekly basis for the construction. The 24-key count is an ideal size for easy managing of a first-time motel buyer looking stable revenue with low purchasing budget. 13 rooms are an apartment style, a separate living area with kitchenette and a bedroom. All rooms have its own outside doors for the customer's easy access directly to the rooms. This property includes a spacious two-bedroom residence for owners or managers. There are only two hotels in the town. It is room only and very easy operation.

FOR SALE DETAILS

PRICE

$1,360,000 CAD

PRICE/SF

$209 CAD /SF

# OF ROOMS

25

PRICE/ROOM

$54,400 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wheatland Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1997

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.19 AC

LAND SF

51,836 SF

ZONING

C2

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Hyunil KohCIR RealtyMore Info
587-573-0614

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Hyunil KohCIR RealtyMore Info
587-573-0614

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.