Courtesy Of Syamal Raha Of RE/MAX Excellence
Here is an opportunity to own and operate BEVERLY MOTEL, a 17-room motel in North East Edmonton! The two-story 4,900 SF building accommodates, the guest rooms- ten (10) with 1 x and 7 with 2 x queen size beds, all with full bathrooms. Rooms are well furnished with sitting area, TV, Fridge, Microwave oven, Office desk, Telephone and WiFi. The reception area is in the adjacent one-story 2,400 SF building. It has very good potential for generating more revenue. 118 Avenue front side of the building can be leased to a commercial tenant for a variety of usage including restaurant/kitchen, office/retail, etc. There is also a 3 bed-room owner/manager’s suite in this building. This space can be converted to a 2/3 bed-room suite with full kitchenette for guests. Metal roofs on both buildings are newer. All mechanical, electrical systems are in excellent shape. Operating with low net positive cash flow. Please explore the potential.
Listing information last updated on February 25th, 2020 at 11:46pm MST.