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5032 Caxton Street Whitecourt, Alberta T7S 1N9

12500 sqft
Acreage

$1,590,000

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) (id:43936)

Business

Business Type Accommodation
Business Sub Type Hotel/motel

Property Details

MLS® Number A2110933
Property Type Business
Plan 1584ny

Building

Constructed Date 1984
Size Exterior 12500 Sqft
Size Interior 12500 Sqft
Total Finished Area 12500 Sqft

Land

Acreage Yes
Size Irregular 2.84
Size Total 2.84 Ac|2 - 4.99 Acres
Size Total Text 2.84 Ac|2 - 4.99 Acres
Zoning Description C-3 , Highway Commercial Hdistrict

https://www.realtor.ca/real-estate/26563255/5032-caxton-street-whitecourt

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Francis C. Lee
Associate Broker

(403) 680-6130
(403) 278-8953
www.canadacommercialrealty.ca

Maxwell Canyon Creek
#203, 20 Sunpark Plaza Se
Calgary, Alberta T2X 3T2

(403) 278-8899
(403) 278-8953

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