Magnuson Hotel Vow | 9151 Rd 164 Hwy
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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 | Lot Size | 6.25 AC |
Price Per Room | $105,819 USD | Building Size | 11,500 SF |
Sale Type | Investment | No. Rooms | 20 |
Sale Conditions | Excess Land | No. Stories | 1 |
Property Type | Hospitality | Year Built | 1987 |
Property Subtype | Hotel | Parking Ratio | 3.57/1,000 SF |
Building Class | C | Corridor | Exterior |
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 | - |
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zoning
Zoning Code | C3-11 (Highway Commercial) |
C3-11 (Highway Commercial) |
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Magnuson Hotel Vow | 9151 Rd 164 Hwy
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