Business for sale
867 17th Avenue, Millar Addition, Prince George
$1,399,900
$1,399,900
Business for sale
867 17th Avenue, Millar Addition, Prince George
Features
Year Built
1954
Floor Area
6,240 sqft
Lot Size
19,800 sqft
Gross Property Tax
$6,637.74 /year
Building Type
Freestanding
Building / Complex Name
Pg Motor Court
Zoning
C5
# of Parking Spaces
15
Subject Property Width
180 ft
Subject Property Depth
110 ft
Amenities
Laundry Facility
Major Business Type
Accommodation Travel & Tourism
Minor Business Type
Hotel/Motel
Business Name "doing business as"
Prince George Motor Court Ltd.
Business Operating Since
1972
Description
This professional well-kept turnkey motel has fantastic financials and an awesome established clientele that just keeps coming back. The Prince George Motor Court has 14 renovated stand-alone cabins/units and a caretaker/manager suite with weekly cabin rental rates totaling $4140 per week if fully occupied for a total income of up to $17,940 per month. Could probably double revenues by converting to a nightly motel model or as an AirBnB property as the property is a legal motel and would be exempt from new short term rental regulations. Owners currently live on site and manage motel so buyer would need to put in place resident caretaker/staff or property manager. Share sale only.
MLS® Number C8058653