5032 Caxton Street Whitecourt, Alberta T7S 1N9
$1,590,000
Huge amount of the reduction of the price from $5.5m. This hotel consists of a full service hotel that contains 62 guest rooms with 2.84Acres land , very stable restaurant, a lounge with 9VLT. a meeting room, and other related hotel amenities. The Main Building contains a one-storey component (common areas) and a two- storey component (hotel room component). The Annex Building is a one-storey structure. The Main Building was completed in 1979 and the Annex Building was completed in 1993. Similar to many Central Alberta communities, the economy of this town is based primarily on the forestry and oil and gas industries. Forestry is supported primarily by three companies. Tourism also plays a minor role in the local economy. This hotel has been operated by GM so owner operation will be much better . Do not miss this great opportunities ! Revenue detail( 2022 :$1,452,753, 2023:1,533,627), NOI (2022:$236,991, 2023:$289,817) (id:57849)
Business
| BusinessType | Accommodation |
| BusinessSubType | Hotel/motel |
Property Details
| MLS® Number | A2110933 |
| Property Type | Business |
| Plan | 1584ny |
Building
| ConstructedDate | 1984 |
| SizeExterior | 12500 Sqft |
| SizeInterior | 12500 Sqft |
| TotalFinishedArea | 12500 Sqft |
Land
| Acreage | Yes |
| SizeIrregular | 2.84 |
| SizeTotal | 2.84 Ac|2 - 4.99 Acres |
| SizeTotalText | 2.84 Ac|2 - 4.99 Acres |
| ZoningDescription | C-3 , Highway Commercial Hdistrict |
https://www.realtor.ca/real-estate/26563255/5032-caxton-street-whitecourt
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June 09 2024 02:30:52
Calgary Real Estate Board
