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$ 1,990,000
Est. payment | /mo
21,326 SqFt
$ 1,990,000
Est. payment | /mo
21,326 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 21,326 sqft
Price per Sqft $93
MLS Listing ID SK988941
Originating Board Saskatchewan
Year Built 1988
Annual Tax Amount $19,917
Tax Year 2024
Lot Size 1.190 Acres
Acres 1.19
Property Sub-Type Hotel/Motel
Property Description
This well-maintained two-story motel features 36 rooms and an on-site lounge with four VLTs. Sales are $858,000 in 2024 and $758,000 in 2023, and Occupation Rate is 62.8% in 2024 and 55.4% in 2023. Operating as an almost absentee-owner business, it offers significant potential for increased sales, particularly due to its proximity to a mining and smelting company. Recent renovations include a newly replaced roof, beds, room heaters, carpets, and bathrooms, contributing to a competitive edge and a steady increase in sales. The property also includes a manager's suite with three bedrooms and a full bath. The restaurant space is currently leased, and it boast an impressive CAP rate of 20.60%
Location
Province SK
Interior
Heating Air Conditioning, Hot Water
Cooling Air Conditioning, Hot Water
Building
Structure Type Wood Frame
Others
Ownership Freehold
Listed by Boyes Group Realty Inc.
"Our goal is to support local folks and work with good people. It's about doing things right and doing them right here."