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