MLS® C4164944 - 30,871 square feet, Commercial Hotel/Motel located 7474 Gaetz 50 Av,
Red Deer, Alberta
Almost 2 acres of land, building and business for sale. Great location and busy motel right on the main drag on the north side of red deer. Many upgrades have been done over the last two years. Appriasal was done for sevus credit union in 2013 and valued at $6,300,000. First mortgage of $2,400,000 at 4% interest is assumable as long as buyer is qualified. Total of 72 rooms, plus a meeting room, plus gym and restaurant pub. The restaurant pub is almost complete and will be leased for $15,000 per month. Suites are in various capacities and sizes. Rooms are bringing in approximately $800,000. Have a look at it and have your accountant go over 3 years financials.
- High Traffic Area
- Highway Access
- Highway Frontage
- Shopping Nearby
- Street Lighting
- Visual Exposure
Gordon Pethick - RE/MAX Realty Professionals (Calgary)
Courtesy: RE/MAX REALTY PROFESSIONALS
MLS® C4164944 7474 Gaetz 50 Av, Red Deer, Alberta is Commercial, 0 bedrooms, 0 bathrooms, approximately 30,871 Sq. Ft.
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