Office Listings

Main Photo: 867 17TH AVENUE in Prince George: Business for sale : MLS®# C8056091
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Status:
Active
Prop. Type:
Business
MLS® Num:
C8056091
Bus Major:
Accommodation
Bus Minor:
Hotel/motel
This profitable well-kept turnkey motel has fantastic financials and an awesome established clientele that just keeps coming back. The Prince George Motor Court has 14 renovated stand-alone cabins/units and a caretaker/manager suite all rented at $4140 per week for a total fully rented return of $17,940 per month. Revenues could be increased by moving to a per night rental model and/or renting the manager suite but current business model of renting by the week keeps expenses low and makes it easy to manage. Primary clientele includes Canadian National Railways, Road construction crews, and short-term management contractors. Gross revenues have averaged $185,223/yr in past 4 years operating at approx. 80% capacity giving this motel an attractive 13.23% CAPP rate with room to grow. New provincial short-term rental restrictions should increase future earnings as there are few other short-term rental options in immediate area other than this legal motel. Share sale only. (id:2493)
Property Type:
Business
Size Interior:
6,240 sq. ft.
Transaction Type:
For sale
Major Business Type:
Accommodation
Minor Business Type:
Hotel/motel
Fireplace:
No
Acreage:
No
Lot Size:
18,730.8 sq. ft.
Lot Size:
0.43 ac
Lot Details:
0.43
Parking Type:
Visitor Parking
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Listed by Maxsave Real Estate Services
Data was last updated February 28, 2024 at 05:15 PM (UTC)
Area Statistics
Listings on market:
17
Avg list price:
$600,000
Min list price:
$98,000
Max list price:
$7,900,000
Avg days on market:
140
Min days on market:
23
Max days on market:
785
Avg price per sq.ft.:
$173.75
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 - PREC*
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