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
62,400 sqft
Lot Size
19,800 sqft
Gross Property Tax
$7,740.27 /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
Wow this cash cow turnkey motel currently has an 8.55% ROI aa operated with the potential to grow it to 27.22% ROI with some very small changes to the business model. Currently owner occupied and managed since 1972, it is in excellent condition and centrally located close to all Prince George amenities. The Prince George Motor Court has 14 renovated stand-alone cabins/units and a caretaker/manager suite generating on average $17,940 cash flow per month. Room rates have not changed in many years and are well overdue for an increase OR convert to an airBnB model with hands-off management and let your cash cow grow. Share sale only
MLS® Number C8060682