Property Type

Business

Description

The subject is well located and easily accessible to a major north/south throughfare, Highway 2 which connects Edmonton and Calgary. Huge 2.84 Acres of C3(General Commercial District) zone of land with 2 storey 48 units of (288Sqft/room) the motel. It can be developed such as clinic, Automotive Sales, restaurants and other professional office, recycling, storage etc at the extra land with a motel business operation (Refer to the zone classification). The subject has a 6.75% site coverage ratio which is substantially less than maximum allowable under the zoning regulation for the C3 Classification( 30%).Revenue Details (Year end June 30) 2022: $237,767, 023 : $331,578 , 2024 : $447,209 , NOI : 2023 : $131,968, 2024 :$264,431 (id:6769

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Listing data last updated date: 2025-01-11 04:19:54

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Listing Agent: Francis C. Lee

Brokerage: MaxWell Canyon Creek