5110 50 Ave - Hospitality FOR SALE


St Paul, AB T0A 3A1
$1,180,000 CAD
587-406-2037
5110 50 Ave, St Paul, AB for Sale
$1,180,000 CAD
Hospitality - FOR SALE
1/8
null | 15.36% Cap Rate

5110 50 Ave
St Paul, AB T0A 3A1


OVERVIEW

* 51 guest rooms, 1 manager's suite, and 2 staff rooms (can be converted into guest rooms) * 11 kitchenettes * Includes a 4-bedroom suite and a triple bedroom suitable for large family groups * Diverse customer base including oil workers, construction workers, and travelers * Most guests are long-term tenants * Approximately 8 rooms are rented on a monthly basis during winter, and about 15 rooms in summer (5 rooms are rented year-round) * Easy to operate — currently run by both the owner and an on-site manager * Water tank replaced in 2022; dryer replaced in 2023 * Equipped with two full-capacity boilers — no concerns about boiler issues * Prime location between a liquor store and a 7-Eleven — very convenient for guests * Strong cap rate * Owner is retiring * Main customer segments: construction workers, oil & gas workers, First Nations clients, and travelers

FOR SALE DETAILS

PRICE

$1,180,000 CAD

PRICE/SF

$118 CAD /SF

# OF ROOMS

52

PRICE/ROOM

$22,692 {currency}

CAP RATE

15.36%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Galaxy Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

2000

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.72 AC

LAND SF

31,363 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jay ChoiSutton Group - 1st West RealtyMore Info
587-406-2037

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Jay ChoiSutton Group - 1st West RealtyMore Info
587-406-2037

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