$3,995,000 44,238 Sq.ft

616 2 AVENUE WEST AV ,Hanna. T0J 1P0


BIG PRICE REDUCTION! Days Inn (upon new owner's qualification with Days Inn) would love to have this location in their chain.OWNER RETIRING. Great well maintained Motor Inn and business. Five + income streams including: 81 rooms, Full Service Restaurant, VLT (8) Lounge, Pub and popular Liquor Store. The property is at the crossroads of two alternative routes, Highway 9 (east/west) and the only heavy equipment highway #36 (north/south). Hanna is a developing regional center with all amenities including a K-12 school, two seniors lodges, a world class dental clinic, a regional hospital and four doctors. The hotel is extremely well supported by the local and tertiary community. Because it is a regional centre, it draws from a widely expanded market reach. Occupancy numbers and revenue are rising. Former appraisal was $7.2-$7.9 million. Owner is retiring for reasons he will disclose. BROCHURE AVAILABLE

Listing Information

Prop. Type:Commercial
MLS #:C4171543
Building/Unit Size: 44,238 sq.ft
Lot Size:90 sq.ft
Land Size:4 Acre
Listing Price:$3,995,000
Listing Price Arce:$1,051,320 per Acre
Lease Rate:$0 per sq.ft
Business Type:Hotel/Motel
Property Type:Commercial
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:HWY-C
Listing Contract Date:2018-03-08

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