519 2 Avenue W, Hanna, Alberta T0J 1P0

Extremely well maintained 44 rooms , 2 bed room manger suite , 2 car garage & carport , extra Two 40Ft containers which can use as storage with 37,500Sqft land plus 25,000 extra land located at commercial district . Revenue will be better once operating the restaurant & Lounge which was closed in April 2017 due to the staff issue. The restaurant & Lounge is ready to operate and the VLT license also can apply which used be 3 machines. This motel will be perfect for the husband &wife operation. Extra Land legal description : 0411147, Block :57, Lot :4- Revenue: 2023 : $606,126, NOI 2023 : $335,368- Seller will retire . (id:27476)

Offering a total of 44 well-maintained rooms, including a 2-bedroom manager suite, this property also features a 2-car garage and carport, as well as two additional 40ft containers that can be utilized for storage. Situated on a 37,500 sqft plot of land, with an extra 25,000 sqft of land, this commercial district property has great potential for revenue growth.

Currently, the revenue stands at $606,126 for 2023, with a net operating income of $335,368. The property also includes a restaurant and lounge, which has been closed since April 2017 due to staffing issues. However, it is fully equipped and ready to operate, with the possibility of applying for a VLT license, which previously allowed for 3 machines.

With the potential for a husband and wife operation, this motel presents a great opportunity for the right buyers. The seller is looking to retire, making this property available for sale.

Located at 519 2 Avenue W in Hanna, Alberta, this property boasts a land size of 62500 sqft, equivalent to 1-1.99 acres. The postal code for this property is T0J1P0, situated within the community of Hanna.