Rural Camrose County, AB T4V 0K6,6216 48 AVE
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Rural Camrose County, AB T4V 0K6,6216 48 AVE
Rural Camrose County, AB T4V 0K6,6216 48 AVE
Rural Camrose County, AB T4V 0K6,6216 48 AVE
Rural Camrose County, AB T4V 0K6,6216 48 AVE

$1,250,000

Est. payment /mo

$1,750,000

28.6%
Est.Price: ?

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6216 48 AVE Rural Camrose County, AB T4V 0K6

0.89 Acres Lot

SOLD DATE : 09/01/2023

Key Details

Sold Price $1,250,000

Property Type Commercial

Sub Type Hotel/Motel

Listing Status Sold

Purchase Type For Sale

MLS® Listing ID A2017332

Sold Date 09/01/23

Originating Board Calgary

Year Built 1974

Annual Tax Amount $15,817

Tax Year 2021

Lot Size 0.889 Acres

Acres 0.89

Lot Dimensions 60m x 60m

Property Description

Well run 40 room franchise motel with great online reviews, located in the heart of Camrose on highway commercial
retail district, ample parking, with Dairy Queen, Wendy's and other restaurants and shopping within walking distance. A very desirable
investment to make in the City of Camrose. Centrally located on Camrose's main corridor. High visibility and high traffic location. Great
exposure. Close proximity to all of Camrose's new west end developments. Consistent return corporate clients: oil field, pipeline, road
work, construction companies, semi long term stay and retail customers for the various activities, festivals in Camrose County. On most
events date/weeks, this motel has 95% occupancy without the help of internet booking websites, so the motel operator keeps most of the
profit. Solid investment especially for owner operators. Current owner is in Vancouver and planning to retire. An opportunity for someone
who likes to continue this successful operation. The franchise extends to Nov 2023, after which, the new owner can continue with the
current franchise, rebrand, or operate as independent. 60 meter by 60 meter flat site, zoned C2 on 48th Avenue. Seller financing
considered for qualified parties with a minimum $1M down payment.

Location

Province AB

County Camrose County

Zoning C2

Exterior

Roof Type Asphalt Shingle

Lot Frontage 196.86

Total Parking Spaces 60

Building

Lot Description Flag Lot

Structure Type Wood Frame

Others

Restrictions None Known

Tax ID 56218224

Ownership Private

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Listed by FIRST PLACE REALTY

Mike Dortona

Agent

+1(403) 988-9381

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