JN REAL ESTATE GROUP

Red Deer

FOR SALE

$6,190,000

PURCHASE PRICE

MLS A2358020

HOTEL/MOTEL · BUILT 1978

MLS A2358020 · 3 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

CONFIDENTIAL LISTING. Established 80-room motel combined with a 9-unit commercial retail plaza on a high-traffic commercial corridor in Central Alberta. Two complementary income streams: hospitality revenue plus stable retail rent (approx. $430K annualized plaza income). Extensive capital improvements since 2017 including roofs, windows, washrooms, hot-water tanks, LED lighting, CCTV, key-card access and pylon sign. All 80 rooms renovated 2019-2020. On-site owner-operated coin laundromat. C4 zoning, separate driveways for motel and plaza. Turn-key operation. Property address, name and financials released only to qualified buyers after signing a Confidentiality Agreement. Please do not approach staff, guests or tenants.

DETAILS

TRANSACTION

TRANSACTION
For Sale

BUILDING

TYPE
Hotel/Motel
YEAR BUILT
1978

LOT & EXTERIOR

LOT SIZE (SQFT)
122,839
LOT SIZE (ACRES)
2.82

COMMUNITY

ZONING
C4

UTILITIES & COSTS

ANNUAL TAXES
$88,700

LISTING COURTESY OF TJ SHIN · CIR REALTY

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