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$ 1,689,000
Est. payment | /mo
2 SqFt
$ 1,689,000
Est. payment | /mo
2 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Approx. Sqft 2
Square Footage 2 sqft
Price per Sqft $844,500
Subdivision Sarnia
MLS® Listing ID X14113218
Lot Size 1.820 Acres
Acres 1.82
Property Description
EXCEPTIONAL INVESTMENT OPPORTUNITY FOR OWNER OPERATORS! Well-established, cash-flowing Motel with an owner's residence, situated on approximately 1.82 acres along Sarnia's highly desirable Golden Mile commercial corridor. Prime location minutes from Highway 402 and the Bluewater Bridge to the USA, offering excellent visibility and accessibility. This income-generating property features 27 guest rooms including spacious one, two, and three-bed configurations and 5 kitchenette units. Established clientele, including extended-stay guests, provides consistent rental demand and recurring income. Several rooms have been upgraded, with additional renovations in progress, offering excellent potential to increase revenue and profitability. A major bonus is the spacious owner's residence featuring 2 bedrooms, 2 full bathrooms, an ensuite with steam sauna, full kitchen, living area, laundry, central air conditioning, and updated electrical. Ample parking for 40+ vehicles, including transport trucks. Furnishings, appliances, and security equipment included. An outstanding opportunity for investors and owner-operators to acquire an established hospitality business with real estate, an owner's residence, immediate income potential, and long-term growth opportunities! (id:24570)
Location
Province ON
Rooms
Kitchen 0.0
Interior
Heating Forced air
Cooling Fully air conditioned
Exterior
Parking Features No
View Y/N No
Attached Garage No
Garage No
Private Pool No
Listed by HOMELIFE/MIRACLE REALTY LTD
Nearby Locations
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