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867 17th Avenue Prince George, British Columbia V2L 3Y5

6240 sqft

$1,399,900

This profitable well-kept turnkey 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 $17,940 per month. Revenues could be increased by moving to a per night rental model and/or renting the manager suite but current business model of renting by the week keeps expenses low and makes it easy to manage. Primary clientele includes Canadian National Railways, Road construction crews, and short-term management contractors. Gross revenues have averaged $185,223/yr in past 4 years operating at approx. 80% capacity giving this motel an attractive 13.23% CAPP rate with room to grow. New provincial short-term rental restrictions should increase future earnings as there are few other short-term rental options in immediate area other than this legal motel. Share sale only. (id:33224)

Business

Business Type Accommodation
Business Sub Type Hotel/motel

Property Details

MLS® Number C8056091
Property Type Business

Building

Size Interior 6240 Sqft

Parking

Visitor Parking

Land

Acreage No
Size Irregular 0.43
Size Total 0.43 Ac
Size Total Text 0.43 Ac

https://www.realtor.ca/real-estate/26337701/867-17th-avenue-prince-george