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Magnuson Hotel Vow 9151 Rd 164 Hwy

20 Room Hotel North Perth, ON N0G 2P0 $2,116,376 USD ($105,819 USD/Room)

Investment Highlights

  • This offers a versatile opportunity to enhance or diversify.
  • close to local demand drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park and TG Minto Factory.
  • Set in a serene location.

Executive Summary

Seize the opportunity to own a fully renovated 20-room motel with a restaurant, strategically located on a 6.25-acre rectangular site along Hwy 23 North, boasting excellent visibility and easy access, plus ample surface parking for 41 vehicles. The property is zoned Highway Commercial, allowing for a broad range of commercial activities, including hotel/motel operations and accessory uses like a banquet hall or restaurant. Renovations completed between 2018 and 2019 encompassed updates to guest rooms, bathrooms, plumbing, electrical systems, and equipment, along with new corridors, windows, doors, roofing, & insulation. The lobby features new tiling and drywall, all compliant with municipal plumbing & sewer permit.

Property Facts

Price $2,116,376 USD
Price Per Room $105,819 USD
Sale Type Investment
Sale Conditions Excess Land
Property Type Hospitality
Property Subtype Hotel
Building Class C
Lot Size 6.25 AC
Building Size 11,500 SF
No. Rooms 20
No. Stories 1
Year Built 1987
Parking Ratio 3.57/1,000 SF
Corridor Exterior

Amenities

  • Restaurant
  • Public Access Wifi
  • Smoke-Free

Room Mix Information

Description No. Rooms Daily Rate SF
Guest Room 20 $81.84 USD -

zoning

Zoning Code C3-11 (Highway Commercial)
C3-11 (Highway Commercial)
  • Listing ID: 33193083

  • Date on Market: 9/16/2024

  • Last Updated:

  • Address: 9151 Rd 164 Hwy, North Perth, ON N0G 2P0

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