$2,225,000 26,500 Sq.ft

50 A 1 HI E,Strathmore. T1P 1B8

Description

Excellent opportunity to own and run a 45 room Motel situated on about 1.4 acre land Plus 1.6 acres vacant land (zoned Highway Commercial) that has HUGE developmental potential like Strip Mall Plaza with Main Floor Retail and second floor Professional Office uses) for the business minded, property is highly visible with exposure facing Trans-Canada #1 Highway in Strathmore. This Motel business currently collects cash flow revenue from the on-site gas station (commission per litre sold) and restaurant (renewed lease for additional 5 years) on this Commercial land. This Long-standing business has been in the same family for 42 years and is perfect for the next energetic family/Partnership to operate. Adjacent to the Motel land is over One and half acre of prime vacant land (zoned Highway Commercial) that has HUGE developmental potential like Strip Mall Plaza with Main Floor Retail and second floor Professional Office uses) for the business minded. Don't Miss it out, on hwy #1, only 40 kms east of Calgary.

Listing Information

Prop. Type:Commercial
Status:
MLS #:C4196478
City:Strathmore
Neighbourhood:None
Province:Alberta
Building/Unit Size: 26,500 sq.ft
Lot Size:84 sq.ft
Land Size:2 Acre
Listing Price:$2,225,000
Listing Price Arce:$1,373,460 per Acre
Lease Rate:$0 per sq.ft
Business Type:Hotel/Motel
Property Type:Commercial
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:CHWY
Listing Contract Date:2018-07-18

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "ROYAL LEPAGE SOLUTIONS" listing brokerage.

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