$2,999,900 FOR SALE

Investment

Lot: 550.68 x 495.27 ftTotal Area: 6.25 acres
2024 Taxes: $9,012.07

9151 Road 164 (HWY 23) N
North Perth, ON N0G 2P0 | Perth

6.25 Acre lot,11500 Sft-20 Rooms Motel (19 Rentable Rooms, 1 Game Room with Potential to turn it into a Rentable Room), plus a 2 Bedroom Owner suite (2 BR, 1 Bath, kitchen, living and dining. A 550 ft. Frontage on Ontario HWY-23, easily visible from street. The property, currently zoned as Highway Commercial, offers a variety of development and expansion opportunities. This parcel is ideally suited for a range of developments. With its substantial size and strategic zoning, the property is ripe for a visionary developer to maximize its potential fully. Close to local demand-drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park, TG Minto Factory, Listowel Golf Club, Steve Kerr Memorial Complex and developing Northeast Employment Land. With the current owner looking to retire, this presents a unique opportunity for a motivated buyer to capitalize on the property's potential. Under new management, there is tremendous scope to enhance operations and drive profitability. This property is perfect for someone looking to invest in a business with a solid foundation and significant growth potential

Extras
Attention all investors & builders: The current Highway Commercial zoning of this property supports a wide array of development projects or expansions to the existing motel. This offers a versatile opportunity to enhance or diversify.

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Listed By ROYAL LEPAGE FLOWER CITY REALTY
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X9346337
Last Updated Oct 03, 2024
Property Summary
Property Type Investment

More like this:
Use Hotel/Motel/Inn
Category Accommodation
PIN 530030024
Occupancy Own+Ten
Possession Date Immediate
Taxes (2024) $9,012.07
Tax Type Annual
Directions/Cross Streets HWY 23 and Line 89
Area Perth
Price History
Interested in obtaining the full price history for this property?
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Detailed Information
Freestanding Y
Lot 550.68 x 495.27 ft
Lot Irregularities Rectangular
Retail Area 1,500 ft2
Office/Apt Area 11,500 ft2
Total Area 6.25 acres
Approximate Age 16-30
Elevator None
Air Conditioning Y
Basement N
Chattels Y
Garage Type Outside/Surface
Parking Spaces 41
Days Open 6
Hours Open 9AM - 6
LLBO N
Employees 2
Heat Type Baseboard
Financial Statement N
Outside Storage N
Area Influences Major Highway
Soil Test N
Seats 28
Sewers Septic
Utilities A
Water Well
Crane N
Rail N
Survey Y
Lot/Bldg/Unit Code Lot
Zoning C3-11 (Hwy Commercial)
Seller Property Info Statement N

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