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Main Photo: 867 17TH AVENUE in Prince George: Business for sale : MLS®# C8060682
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Status:
Active
Prop. Type:
Business
MLS® Num:
C8060682
Bus Major:
Accommodation
Bus Minor:
Hotel/motel
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 (id:2493)
Property Type:
Business
Size Interior:
1.433 acre(s)
Transaction Type:
For sale
Major Business Type:
Accommodation
Minor Business Type:
Hotel/motel
Age:
70 years
Fireplace:
No
Acreage:
No
Lot Size:
18,730.8 sq. ft.
Lot Size:
0.43 ac
Lot Details:
0.43
Road Surface:
Paved road
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Listed by Maxsave Real Estate Services
Data was last updated July 19, 2024 at 02:15 AM (UTC)
Area Statistics
Listings on market:
15
Avg list price:
$599,000
Min list price:
$69,000
Max list price:
$7,900,000
Avg days on market:
79
Min days on market:
9
Max days on market:
926
Avg price per sq.ft.:
$99.01
These statistics are generated based on the current listing's property type and located in Prince George. Average values are derived using median calculations.
Mike Hurrell
The trademarks REALTOR®, REALTORS®, and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are member’s of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by CREA and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.