867 17th Avenue, Millar Addition, Prince George

$1,350,000 |   MLS® Number  C8063945

Business for sale in Millar Addition, Prince George, PG City Central, 867 17th Avenue, 224969014 | Realtylink.org

Business for sale

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

Wow this cash cow turnkey motel currently has an 8.9% ROI as operated and has the potential to substantially increase revenues with some very small changes to the business model. Currently it is owner occupied and managed since 1972, is in excellent condition and centrally located close to all Prince George amenities including central tourist areas.. The Prince George Motor Court has 14 renovated stand-alone cabins/units and a caretaker/manager suite generating approximately 14 renovated stand-alone cabins/units and a caretaker/manager suite generating approximately $14,500 revenues per month at an 90% occupancy rate (8.9% ROI). Excellent potential to increase revenues as room rates have not been changed in many years OR could be converted to an airBnB business model that could generate up to $31,000 + profit per month. Ask for proforma to view various business scenarios and choose your path to prosperity. Share sale only.