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$ 1,390,000
Est. payment | /mo
9,048 SqFt
$ 1,390,000
Est. payment | /mo
9,048 SqFt
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 9,048 sqft
Price per Sqft $153
Subdivision Wainwright
MLS Listing ID A2315848
Year Built 1958
Property Sub-Type Hotel/Motel
Property Description
Well-maintained 24-room motel located in Wainwright,offering stable cash flow and a semi-absentee ownership structure. The property generates approximately $341,000 in annual revenue with an estimated NOI of ~$139,000,providing an attractive return for investors.
The motel features a strong mix of clientele including work crews,healthcare professionals,railway personnel,and general travelers,with approximately 50% of occupancy from long-term stays,ensuring consistent and predictable income. Fully renovated in 2016,the property is in turn-key condition with minimal immediate capital expenditure required. A new hot water tank was installed in 2025.
The business is currently operated by an on-site manager couple,making it an ideal opportunity for investors seeking a passive or semi-passive income stream. The property includes a manager's suite attached to the front office for efficient operations.
Situated on a 1.5-acre site,the property offers additional upside potential for future expansion or redevelopment. Excellent opportunity to acquire a stable hospitality asset in a resilient regional market.
The motel features a strong mix of clientele including work crews,healthcare professionals,railway personnel,and general travelers,with approximately 50% of occupancy from long-term stays,ensuring consistent and predictable income. Fully renovated in 2016,the property is in turn-key condition with minimal immediate capital expenditure required. A new hot water tank was installed in 2025.
The business is currently operated by an on-site manager couple,making it an ideal opportunity for investors seeking a passive or semi-passive income stream. The property includes a manager's suite attached to the front office for efficient operations.
Situated on a 1.5-acre site,the property offers additional upside potential for future expansion or redevelopment. Excellent opportunity to acquire a stable hospitality asset in a resilient regional market.
Location
Province AB
Zoning c3
Interior
Inclusions The seller will provide an equipment list.
Fireplace No
Exterior
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions None Known
Listed by RE/MAX Complete Realty
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
susan-cramer@coldwellbanker.ca
7100 - 35468 Range Road 30, Red Deer County, AB, T4G 0M3, CAN