4001 48 Avenue, Innisfail, Alberta

$2,300,000

Previous Next

1.87

Acres

About 4001 48 Avenue

$300,000 K reduced ; openhouse May 17 th, 2024 1 pm to 7 pm and May 18th, Saturday 9 am to to 3 pm ; This sounds like a promising opportunity for someone looking to invest in or operate a motel business in Innisfail. Here's a breakdown of the key points and considerations: cation: Being situated conveniently on the side of Highway #2 can be a significant advantage of traffic. Innisfail's location likely offers a steady stream of potential customers, especially if it's on a well-traveled route. Property Size: With 1.87 acres of commercial land, there's ample space for the current operation as well as potential future expansion or development projects. This could include adding amenities, improving landscaping, or even constructing additional rooms or facilities. Business Model: As a non-franchise motel, there's flexibility in operations and branding. This can be appealing for those seeking a family-owned business with more autonomy and control over decision-making processes. Room Configuration: The motel's 44 rooms, including 21 with kitchenettes, cater to different guest needs, from short-term stays to longer monthly or weekly rentals. Having a mix of accommodations can help attract a diverse clientele. Manager's Suite: The inclusion of a manager's suite with a full-fledged kitchenette and garage provides on-site living arrangements for management, which can be convenient for overseeing daily operations. Recent Renovations: The recent renovations, including updates to the interior rooms, roofs, boilers, and hot water tanks, indicate that the property has been well-maintained and may require less immediate investment in infrastructure. Client Base: The motel's reputation as one of the economical options in the area with a sizable client base, especially with monthly/weekly long-term guests, suggests a stable income stream. Investment Opportunity: Whether as an investment property or a family-run business, the motel offers potential for generating revenue and building equity over time. Potential buyers or operators should conduct thorough due diligence, including financial analysis, market research, and inspections, to assess the viability and profitability of the investment. Additionally, exploring potential growth opportunities and understanding local regulations and zoning requirements for future development plans is crucial.

Features of 4001 48 Avenue

MLS® # A2107077
Price $2,300,000
Bathrooms 0.00
Acres 1.87
Year Built 1974
Type Commercial
Sub-Type Hotel/Motel
Status Active

Community Information

Address 4001 48 Avenue
Subdivision Southeast Innisfail
City Innisfail
County Red Deer County
Province Alberta
Postal Code T4G1J6

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Boiler, Natural Gas
Fireplace No
Has Basement No

Exterior

Roof Asphalt

Additional Information

Date Listed February 11th, 2024
Days on Market 102
Zoning HWYC
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeeXp Realty

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?