780 8 St SW - Hospitality FOR SALE


Medicine Hat, AB T1A 4M6
$1,600,000 CAD
825-305-5709
780 8 St SW, Medicine Hat, AB for Sale
$1,600,000 CAD
Hospitality - FOR SALE
1/11
null | Request Cap Rate

780 8 St SW
Medicine Hat, AB T1A 4M6


HIGHLIGHTS

  • 3 businesses (portfolio sale) with real estate included
  • Located along Highway 1
  • Close proximity to restaurants, gas stations, hospitals and shopping centres

OVERVIEW

Rare opportunity to acquire 3 businesses (portfolio sale of Motel, Liquor Store & Restaurant) with real estate included! Price includes land, building, business and equipment. Inventory of Liquor Store not included. All businesses and inclusions of the sale are sold together (portfolio sale). Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary. Located along Highway 1 with dedicated entry and exit. Close proximity to restaurants, gas stations, hospitals and shopping centres and right across from a well known hotel, Econolodge inn and suites. Hotel across the street (Econolodge inn and suites) is also available for sale. Motel : Currently operating as TC Motel. Used for long term tenants. 16 rooms with kitchenettes and 3 without it. Recently renovated. Liquor Store: Currently operating as Bob's Liquor Store. 1,889 SqFt with 1,000 SqFt storage. Inventory is $450,000 approximately. One of the busiest liquor stores in the city. ** Inventory not included in the listed price** Restaurant: Stand alone restaurant building can be leased out to increase income. Previously charged $3,600 per month for a Triple Net Lease (NNN). Recently renovated in 2021. With full commercial kitchen with one walk-in cooler and freezer and 70+ occupancy. Former Italian restaurant. Now vacant to set up any kind of restaurant. With two designated handicapped washroom.

FOR SALE DETAILS

PRICE

$1,600,000 CAD

PRICE/SF

$97 CAD /SF

# OF ROOMS

19

PRICE/ROOM

$84,211 {currency}

CAP RATE

Request Cap Rate

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

TC Motel

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Exterior

BUILDING CLASS

C

YEAR BUILT

1974

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,305 SF

ZONING

C-H

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Darin VazaPrestige Commercial GroupMore Info
825-305-5709

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Darin VazaPrestige Commercial GroupMore Info
825-305-5709

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