JN REAL ESTATE GROUP

NONE

FOR SALE

$999,000

PURCHASE PRICE

504 & 506 Main Street , Manning · T0H2M0

HOTEL/MOTEL · BUILT 1947

MLS A2342680 · 0 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

An exceptional opportunity to acquire a diversified hospitality business with multiple income streams and strong upside potential—without the investment typically required for a large hotel operation. Located in Manning, Northern Alberta, this property combines a 25-room motel and a 23-room hotel, along with owner/manager living quarters featuring 2 bedrooms, a kitchen and living room. Multiple revenue sources include monthly room rentals, a liquor store, a licensed bar with 6 VLTs, and seasonal karaoke nights. The karaoke operation generates approximately $50,000 in additional annual revenue during the winter season. Several rooms are also rented monthly, providing stable recurring income, while a vacant restaurant space offers an opportunity to create an additional revenue stream through leasing or reopening the restaurant. An ideal opportunity for an owner-operator or investor seeking multiple sources of income, manageable operating costs, and significant potential to increase revenue through hands-on management and further development of the existing business.

DETAILS

TRANSACTION

TRANSACTION
For Sale

BUILDING

TYPE
Hotel/Motel
YEAR BUILT
1947

COMMUNITY

COMMUNITY
NONE
ZONING
C-1
POSTAL CODE
T0H2M0

UTILITIES & COSTS

ANNUAL TAXES
$5,500

LISTING COURTESY OF GEMMA LEE · FIRST PLACE REALTY

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.