$880,000
4403 118 AV NW Edmonton, AB T5W1A8
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Nick Penney
info@nickpenney.com
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
Nick Penney
info@nickpenney.com$880,000
Est. payment /mo
0.35 Acres Lot
UPDATED:
03/21/2022 08:35 PM
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Subdivision Beverly Heights
MLS® Listing ID E4246713
Originating Board REALTORS® Association of Edmonton
Year Built 1964
Lot Size 0.349 Acres
Property Description
Great opportunity to own and operate BEVERLY MOTEL, a 17-room motel in North East Edmonton! The two-story 4,900 SF building has 15 and one story building has 2 guest rooms (GR). 7 GR comes with full bath (FB) and 2 separate rooms with queen beds (QB). 5 GR has FB and 1xQB. Remaining 5 GR has half bath and 1xQB. Rooms are furnished with sitting area, TV, Fridge, Microwave oven, Office desk, Telephone and WiFi. The reception area is in the one-story 2,400 SF building. It has very good potential for generating more revenue. 118 Avenue front side of the building can be leased to a commercial tenant for a variety of usage including restaurant/kitchen, office/retail, etc. There is also a 3 bed-room owner/managers suite in this building. This space can be converted to a 2/3 bed-room suite with full kitchenette for guests. Metal roofs on both buildings are newer. All mechanical, electrical systems are in excellent shape. Operating with low net positive cash flow. Please explore the potential. (id:24570)
Location
Province AB
Exterior
Garage No
Waterfront No
View Y/N No
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Listed by RE/MAX Excellence
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Nick Penney