5032 Caxton Street , Whitecourt, Alberta T7S 1N9 For sale

MLS® Number A2110933

$1,590,000

Overview
1984 Year Built
12500 sqft

Description

Huge amount of the reduction of the price from $5.5m. This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , very stable restaurant, a lounge with 9VLT. a meeting room, and other related hotel amenities. The Main Building contains a one-storey component (common areas) and a two- storey component (hotel room component). The Annex Building is a one-storey structure. The Main Building was completed in 1979 and the Annex Building was completed in 1993. Similar to many Central Alberta communities, the economy of this town is based primarily on the forestry and oil and gas industries. Forestry is supported primarily by three companies. Tourism also plays a minor role in the local economy. This hotel has been operated by GM so owner operation will be much better . Do not miss this great opportunities ! Revenue detail( 2022 :$1,452,753, 2023:1,533,627), NOI (2022:$236,991, 2023:$289,817) (id:53286)

Fearures

  • MLS® Number A2110933
  • Price $1,590,000
  • Square Footage: 12500 sqft
  • Plan 1584ny

Business

Business Type Accommodation Business Sub Type Hotel/motel

Buildings

Constructed Date 1984 Size Exterior 12500 Sqft
Size Interior 12500 Sqft Total Finished Area 12500 Sqft

Land

Acreage Yes Size Irregular 2.84
Size Total 2.84 Ac|2 - 4.99 Acres Size Total Text 2.84 Ac|2 - 4.99 Acres
Zoning Description C-3 , Highway Commercial Hdistrict

Agents and Offices

  • Francis C. Lee
  • Office: Maxwell Canyon Creek
  • Aerial
  • Walking Score
  • Street Level
What's Nearby

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