$1,600,000 FOR SALE

Business for Sale

Hotel/Motel/Inn

776 And 780 8 Street Sw
Medicine Hat, AB T1A 4M5

Rare opportunity to acquire 3 businesses (portfolio sale of Motel, Liquor Store & Restaurant) with real estate included! Price includes land, building, business and equipment. Inventory of Liquor Store not included. All businesses and inclusions of the sale are sold together (portfolio sale). Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary. Located along Highway 1 with dedicated entry and exit. Close proximity to restaurants, gas stations, hospitals and shopping centres and right across from a well known hotel, Econolodge inn and suites.Motel : Currently operating as TC Motel. Used for long term tenants. 15 rooms with kitchenettes and 3 without it. Recently renovated.Liquor Store: Currently operating as Bob's Liquor Store. 1,889 SqFt with 1,000 SqFt storage. Inventory is $450,000 approximately. One of the busiest liquor stores in the city. ** Inventory not included in the listed price**Restaurant: Stand alone restaurant building can be leased out to increase income. Previously charged $3,600 per month for a Triple Net Lease (NNN). Recently renovated in 2021. With full commercial kitchen with one walk-in cooler and freezer and 70+ occupancy. Former Italian restaurant. Now vacant to set up any kind of restaurant. With two designated handicapped washroom.Hotel across the street (Econolodge inn and suites) is also available for sale. Kindly see MLS Listing A2144903 for the portfolio sale. (id:47423)

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Listed By RE/MAX Complete Realty
Data Provided By Calgary Real Estate Board
MLS® Listing Number A2144925
Last Updated Sep 12, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Price History
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Detailed Information
Features Visual exposure
Listing Contract Date 2024-06-26
Municipal ID 0031198146
Ownership Type Freehold
Plan 0512798
Property Type Business
Road Paved road
Transaction Type For sale
Zoning Description C-H
Business
Business Type Accommodation, Restaurant, Retail and Wholesale
Business Subtype Hotel/motel, Restaurant, Liquor Store
Building
Constructed Date 1953
Size (Exterior) 0 square feet
Type Commercial Mix
Land
Total Size Unknown

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