4001 Highway St - Hospitality FOR SALE


Valleyview, AB T0H 3N0
$2,300,000 CAD
587-847-3424
4001 Highway St, Valleyview, AB for Sale
$2,300,000 CAD
Hospitality - FOR SALE
1/4
null | 10% Cap Rate

4001 Highway St
Valleyview, AB T0H 3N0


OVERVIEW

We have a 5 kitchenette 61-room motel with a full commercial kitchen in the restaurant for sale in the beautiful Town of Valleyview Alberta, Valleyview lies on the Western Canadian Sedimentary Basin known for some of the largest oil & gas deposits in the world, the Duvernay Formation, a rich source of natural gas and oil. The town is also located in an active geothermal area. It is one hour east of Grand Prairie. The owner did a lot of upgrade work for this pretty motel. Electrical upgrade and packaged air conditioner units were installed in 2015. Partial room upgrades and exterior upgrades happened in 2015. It has an off-sale counter, a restaurant, and a lounge with VLT machines, VLT has an excellent income. The facility is run by an on-site manager Please see pics for hotel details. Seller financing is available for the right, qualified buyers.

FOR SALE DETAILS

PRICE

$2,300,000 CAD

PRICE/SF

$63 CAD /SF

# OF ROOMS

61

PRICE/ROOM

$37,705 {currency}

CAP RATE

10%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Hi-Valley Motor Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1967

PARKING SPACES

61

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

Hwy Commercial

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Edward KwanFirst Place RealtyMore Info
587-847-3424

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Edward KwanFirst Place RealtyMore Info
587-847-3424

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