Business for sale
867 17th Avenue, Millar Addition, Prince George
$1,350,000
Features
Year Built
1954
Floor Area
62,400 sqft
Lot Size
19,800 sqft
Gross Property Tax
$8,244.34 /year
Building Type
Freestanding
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 turn key motel currently has a 10% ROI as operated with excellent potential to increase revenues. Owner occupied and managed since 1972, it is absolutely immaculate, and centrally located close to Prince George's downtown core and Lheidli T'enneh Memorial events park. The Prince George Motor court has 14 stand-alone cabins/units and a caretake/manager suite generating approximately $17,000 revenues per month with about only $4600 per month in costs. Excellent potential to increase revenues as room rates have not been changed in many years or could be converted to a long term rental property with similar numbers. Ask for proforma to view various business scenarios and choose your path to prosperity. Share sale only.
MLS® Number C8073638