LOADING

867 17th Avenue Pg City Central, British Columbia V2L 3Y5

6240 sqft

$1,299,000

**Update Aug 31st/23** Accepted offer has collapsed due to financing. Will look at new offers September 8th 2023. This profitable well-kept turn-key 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 $17,900 per month. Revenues could be increased by moving to a per night rental model, Air BnB, and/or renting the manager suite but the current business model of renting cabins by the week keeps the expenses low and make the property super it easy to manage. Primary clientele include Canadian National Railways, Road construction crews, and short-term management contractors. Net (not Gross) revenues in 2023 were over $141,000. Share sale only. Financials available on request. (id:33224)

Business

Business Type Accommodation
Business Sub Type Hotel/motel

Property Details

MLS® Number C8053681
Property Type Business

Building

Constructed Date 1954
Size Interior 6240 Sqft

Parking

Visitor Parking

Land

Acreage No
Size Irregular 0.45
Size Total 0.45 Ac
Size Total Text 0.45 Ac

https://www.realtor.ca/real-estate/25953656/867-17th-avenue-pg-city-central

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September 08 2023 05:24:31

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