$4,600,000 FOR SALE

Business for Sale

Hotel/Motel/Inn

Lot: 99 x 622 ftTotal Area: 44,659.42 ft2
2023 Taxes: $31,905

521 Grand Ave E
Chatham-Kent, ON N7L 3Z2

Introducing an independently owned and operated 31-unit motel with a storied history of exceptional service, nestled on a spacious 1.02-acre lot. Strategically positioned along Hwy 40, this well-established property boasts a prime location for travelers and visitors alike.With a legacy of catering to a loyal base of repeat clientele, this motel has maintained a strong reputation for quality and comfort. The current owner has diligently renovated the property, ensuring it remains its upkeep and inviting for guests.In addition to its accommodations, the property includes a comfortable owner's living quarters, adding a desirable residential element to the overall offering.Ideal for investors seeking a turnkey hospitality opportunity or individuals looking to own and operate their own motel with potential for continued success.

Extras
Financials & Seller Property Information Statement to be provided upon signing NDA.

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Listed By OUR NEIGHBOURHOOD REALTY INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8215302
Last Updated Apr 15, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Category With Property
PIN 007340387
Occupancy Owner
Possession Date TBA
Taxes (2023) $31,905
Tax Type Annual
Directions/Cross Streets Grand Ave E & Devonshire Rd
Neighbourhood Chatham-Kent
Area Chatham-Kent
Price History
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Detailed Information
Lot 99 x 622 ft
Lot Irregularities 12.19 Ft X 622.52 Ft X 99.83 Ft X 177.64
Total Area 44,659.42 ft2
Approximate Age 31-50
Elevator None
Air Conditioning Y
Basement N
Chattels Y
Garage Type Outside/Surface
Days Open 7
Hours Open 24
LLBO N
Employees 6
Heat Type Gas Forced Air Closd
Financial Statement Y
Outside Storage N
Utilities Y
Water Municipal
UFFI No
Crane N
Survey N
Lot/Bldg/Unit Code Lot
Zoning Commercial
Seller Property Info Statement N

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