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$1,299,000

Highlights

$1,299,000

Price

14475 sqft

Lot

For sale

Status

A2299557

MLS® ID

Established Hospitality Asset – Motel, Restaurant & Tavern with Value-Add Potential. Rare opportunity to acquire a well-established, fully operational hospitality business offering multiple revenue streams and long-standing community presence. This three-storey property has been consistently maintained and operated, making it a strong turnkey investment.The motel features 17 guest rooms, including a mix of standard and family-style accommodations, all with full bathrooms. In addition, there are 2 supplementary rooms currently utilized for housekeeping/storage, enhancing operational efficiency. The property includes a licensed restaurant (approx. 65 seats) and a tavern/bar (approx. 120+ capacity) equipped with revenue-generating features such as pool tables, ATM, and entertainment systems. While VLTs were previously in operation, they have been removed; however, future operators may have the opportunity to reintroduce VLTs (subject to regulatory approval), representing a significant upside in revenue. A 2-bedroom furnished manager’s suite is included, ideal for onsite ownership or management. Recent capital improvements include: Boilers replaced (2019) Roof updated (2018) New flooring in guest rooms and hallways (2020) New bar ice machine (2020) New beer cooler (2022) Investment Highlights: 17 guest rooms, including 2 bedroom manager suite with in-suite washer and dryer. Restaurant and tavern with strong capacity Multiple income streams under one roof Long operating history with established clientele Fully staffed, turnkey operation Value-add opportunity through VLT reintroduction. Located in a high-traffic corridor with year-round tourism drivers This is an excellent opportunity for experienced operators or investors seeking a stable hospitality asset with upside potential. Do not approach staff or ownership directly. Financials available upon execution of a Confidentiality Agreement (NDA). (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2299557
    • Price $1,299,000
    • Square Footage: 14475 sqft
    • Parking Space Total 13
    • Plan 3319i

    Business

    Business Type Accommodation, Restaurant, Restaurant Business Sub Type Hotel/motel, Bar/tavern, Restaurant

    Buildings

    Constructed Date 1915 Size Exterior 14475 Sqft
    Size Interior 14475 Sqft Total Finished Area 14475 Sqft

    Land

    Acreage No Size Total Text Unknown
    Zoning Description Cm-1

    Utilities

    Electricity Connected Natural Gas Connected
    Telephone Connected Sewer Connected
    Water Connected

    Agents and Offices

    • Kelli Rodriguez
    • Dan Duong
    • Office: Century 21 Bravo Realty

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