$1,350,000
867 17TH AVENUE Prince George, BC V2L3Y5
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$1,350,000
Est. payment /mo
62,400 SqFt
Active
867 17TH AVENUE Prince George, BC V2L3Y5
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 62,400 sqft
Price per Sqft $21
MLS® Listing ID C8063945
Originating Board BC Northern Real Estate Board
Year Built 1954
Lot Size 0.430 Acres
Acres 18730.8
Property Description
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. (id:24570)
Location
Province BC
Exterior
Garage No
Waterfront No
View Y/N No
Private Pool No
Listed by Maxsave Real Estate Services
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