5416 49th Ave - Hospitality FOR SALE


Rycroft, AB T0H 3A0
$550,000 CAD
780-897-8847
5416 49th Ave, Rycroft, AB for Sale
$550,000 CAD
Hospitality - FOR SALE
1/14
null | Request Cap Rate

5416 49th Ave
Rycroft, AB T0H 3A0


HIGHLIGHTS

  • Includes the additional revenue stream of a fully operational public laundromat
  • Lots of parking and additional land for expansion
  • Highly visible with road frontage on busy Hwy 49

OVERVIEW

HUGE price drop and HUGE upside potential for this Motel and laundromat. Features 23 units including 2 larger apartment style lofts.6 rooms have kitchenettes and some rooms have been recently renovated. Already with solid occupancy and good local reputation ready for you to step in and take it to the next level. Also includes the additional revenue stream of a fully operational public laundromat. Lots of parking and additional land for expansion.Highly visible with road frontage on busy Hwy 49 between Rycroft and Spirit River just north of Grande Prairie. Excellent value in this property

FOR SALE DETAILS

PRICE

$550,000 CAD

PRICE/SF

$74 CAD /SF

# OF ROOMS

23

PRICE/ROOM

$23,913 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Crossroads Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

1

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1979

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.92 AC

LAND SF

83,635 SF

ZONING

C1

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tim BlakeRE/MAX Grande PrairieMore Info
780-897-8847

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Tim BlakeRE/MAX Grande PrairieMore Info
780-897-8847

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