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%
Listing Area:
Creighton
Property Type:
Commercial
Property Sub Type:
Hotel/Motel
Year built:
1988
(Age: 36)
Total Floor Area:
21,326 sq. ft.1,981 m2
Taxes:
$19,917 /
2024
Ownership Title:
Freehold
Elevator:
None
Assets Include:
Equipment & Machinery, Fixtures, Goodwill, Trade Name
Heating:
Air Conditioning, Hot Water
Construction:
Wood Frame
Lot Size:
1.19 acre(s)0.48 hectare(s)
Date Listed:
Nov 28, 2024
Days on Mkt:
12
View of building exterior with cooling unit
Dining room with a paneled ceiling
Hall featuring dark colored carpet and a drop ceiling
Photo 4 of 17
View of carpeted home office
Bedroom featuring a textured ceiling and dark carpet
Bedroom featuring a wall unit AC and carpet floors
Laundry room featuring independent washer and dryer
View of carpeted dining room
Dining area featuring indoor bar
Recreation room featuring carpet
View of kitchen
Kitchen featuring light tile patterned flooring
Kitchen with appliances with stainless steel finishes and ventilation hood
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