773, 776 and 780 8 Street SW

Hotel/Motel For Sale in Other, Medicine Hat

$4,600,000
Extremely rare opportunity to acquire 4 businesses (portfolio sale of Hotel, Motel, Liquor Store & Restaurant) with real estate included! Price includes land, building, business and equipment. Inventory of Liquor Store not included. All businesses and inclusions of the sale are sold together (portfolio sale). Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary. Located along Highway 1 with dedicated entry and exit. Close proximity to restaurants, gas stations, hospitals and shopping centres. Hotel: Hotel is currently operating as one of the choice hotels, Econo Lodge Inn & Suites. With excellent accessibility to Highway 1. Amenities include swimming pool, sauna, dedicated barbeque area. Single (34), Double bed (7), Double bed Kitchenette (15). Pet friendly and with free breakfast. With ample onsite parking available. Motel : Currently operating as TC Motel. Used for long term tenants. 15 rooms with kitchenettes and 3 without it. Recently renovated. Liquor Store: Currently operating as Bob's Liquor Store. 1,889 SqFt with 1,000 SqFt storage. Inventory is $450,000 approximately. One of the busiest liquor stores in the city. Restaurant: Stand alone restaurant building can be leased out to increase income. Previously charged $3,600 per month for a Triple Net Lease (NNN). Recently renovated in 2021. With full commercial kitchen with one walk-in cooler and freezer and 70+ occupancy. Former Italian restaurant. Now vacant to set up any kind of restaurant. With two designated handicapped washroom.
Address 773, 776 and 780 8 Street SW
List Price $4,600,000
Property Type Commercial
Type of Dwelling Hotel/Motel
Area Medicine Hat
Sub-Area Other
Year Built 1964
MLS® Number A2134842
Listing Brokerage RE/MAX Complete Realty
Postal Code T1A 4M5
Zoning C-H

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RE/MAX Complete Realty Okotoks

RE/MAX Complete Realty Okotoks

105 Elizabeth Street Okotoks Alberta T1S 1A8

Office: 403-407-2017

office@remaxcompleterealty.ca