$2,200,000 FOR SALE

Business for Sale

Hotel/Motel/Inn

Lot: 245 x 490 ftTotal Area: 2.75 acres
2020 Taxes: $9,802.68

958 Highway 7 (Sob) St E
Otonabee-South Monaghan, ON K9J 6X8 | Rural Otonabee-South Monaghan | Peterborough

15 Rooms Renovated Motel With Attached House On Busy Hwy7 (Only 20 Min. From 401). Well Established Property Situated On 2.75 Acre Land With 245Ft Frontage On Hwy 7. Best Opportunity For Investment. The Property's Zoning Offers Huge Potential In Mix Development And Gen. Commercial Zoning Allows For A Large Selection Of Uses Incl. To Build Up To 3 Storeys Hotel Rooms, Build Truck Stop Or Buildings As Any Commercial/ Gas Station/ Automotive/ Retail/ Plaza.

Extras
Motel Was Improved And Fully Renovated. High Occupancy, Cap Rate, Very Low Expenses. All Rooms Equipped With A/C, Fridge, Tv, H/S Internet Access/ Phone/ Microwave. Please See Attached For All Permitted Uses. Financials Upon Request.

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Listed By RE/MAX MILLENNIUM REAL ESTATE, Brokerage
MLS® Listing Number X5298135
Last Updated Jul 22, 2021
Property Summary
Property Type Business For Sale
Use Hotel/Motel/Inn
Franchise Non-Franchise
Business/Building Name Park Side Motel
Category With Property
PIN 281570083
Legal Description Pt Lt 27 Con 10 Otonabee As In R701231;T/W R701231
Occupancy Owner
Possession Date 30 Days
Taxes (2020) $9,802.68
Tax Type Annual
Directions/Cross Streets Highway 7 & Lancaster Rd.
Community Rural Otonabee-South Monaghan
Area Peterborough
Price History
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Detailed Information
Freestanding Y
Bathrooms 16
Lot 245 x 490 ft
Office/Apt Area 10 percent
Total Area 2.75 acres
Elevator None
Air Conditioning Y
Basement Y
Chattels Y
Garage Type Outside/Surface
Days Open 7
Hours Open 24 Hrs
LLBO N
Employees 1
Heat Type Gas Hot Water
Financial Statement Y
Area Influences Major Highway
Sprinklers Part
Sewers Septics
Utilities Y
Water Well
Rail N
Lot/Bldg/Unit Code Lot
Zoning Commercial (Ch)
Seller Property Info Statement N

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