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% (id:44479)
MLS® Number | SK988941 |
Property Type | Hospitality |
Constructed Date | 1988 |
Heating Type | Hot Water |
Size Exterior | 21326 Sqft |
Size Interior | 21326 Sqft |
Acreage | Yes |
Size Irregular | 1.19 |
Size Total | 1.19 Ac |
Size Total Text | 1.19 Ac |
https://www.realtor.ca/real-estate/27693613/225-creighton-avenue-creighton
Contact us for more information
Simon Choi
Salesperson
(306) 653-2213
(888) 623-6153
https://boyesgrouprealty.com/