This well-maintained two-story motel features 36 rooms and an on-site lounge with four VLTs. Sales are $858,000 in 2024 and $758,000 in 2023, and Occupation Rate is 62.8% in 2024 and 55.4% in 2023. Operating as an almost absentee-owner business, it offers significant potential for increased sales, particularly due to its proximity to a mining and smelting company. Recent renovations include a newly replaced roof, beds, room heaters, carpets, and bathrooms, contributing to a competitive edge and a steady increase in sales. The property also includes a manager’s suite with three bedrooms and a full bath. The restaurant space is currently leased, and it boast an impressive CAP rate of 20.60% (id:47423)
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Detailed Information
Listing Contract Date
2024-11-28
Ownership Type
Freehold
Property Type
Hospitality
Transaction Type
For sale
Building
Constructed Date
1988
Heating Type
Hot Water
Size (Exterior)
21326 square feet
Land
Total Size
1.19 acres
Acreage
Yes
Size of Irregular Land
1.19
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