5032 Caxton Street, Whitecourt, Alberta

$1,590,000

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2.84

Acres

About 5032 Caxton Street

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)

Features of 5032 Caxton Street

MLS® # A2110933
Price $1,590,000
Bathrooms 0.00
Acres 2.84
Year Built 1984
Type Commercial
Sub-Type Hotel/Motel
Status Active

Community Information

Address 5032 Caxton Street
Subdivision NONE
City Whitecourt
County Woodlands County
Province Alberta
Postal Code T7S1N9

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed February 29th, 2024
Days on Market 87
Zoning C-3 , HIGHWAY COMMERCIAL
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMaxWell Canyon Creek

Listing Map

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