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

62400 sqft

$1,350,000

Wow this cash cow turnkey motel currently has an 8.9% ROI as operated and has the potential to substantially increase revenues with some very small changes to the business model. Currently it is owner occupied and managed since 1972, is in excellent condition and centrally located close to all Prince George amenities including central tourist areas.. The Prince George Motor Court has 14 renovated stand-alone cabins/units and a caretaker/manager suite generating approximately 14 renovated stand-alone cabins/units and a caretaker/manager suite generating approximately $14,500 revenues per month at an 90% occupancy rate (8.9% ROI). Excellent potential to increase revenues as room rates have not been changed in many years OR could be converted to an airBnB business model that could generate up to $31,000 + profit per month. Ask for proforma to view various business scenarios and choose your path to prosperity. Share sale only. (id:46227)

Business

Business Type Accommodation
Business Sub Type Hotel/motel

Property Details

MLS® Number C8063945
Property Type Business
Road Type Paved Road

Building

Constructed Date 1954
Size Interior 62400 Sqft

Land

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

https://www.realtor.ca/real-estate/27571615/867-17th-avenue-prince-george

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October 23 2024 06:24:46

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