Fantastic business opportunity right in the heart of Clarenville. This 25 room motel ( formerly known as the Restland Motel has been providing accommodations to tourists and locals for years. This property has been well maintained over the years and is ready for a new owner. The 15,000 square foot building located next to shopping and many other amenities features a pub, restaurant and a mixture of motel rooms and efficiency units ( 10 efficiency units and 15 motel rooms). This property would make a great investment as a motel or could easily be configured for long term or short term housing. With the current demand for affordable housing and rental demands this property would be suitable to help ease such demands. Don't miss out on this fantastic investment opportunity!! (id:47421)
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Listed By
Clarenville Realty Ltd., Royal LePage Atlantic Homestead
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Detailed Information
Amenities Nearby
Shopping
Equipment
Propane Tank
Listing Contract Date
2024-09-03
Ownership Type
Freehold
Property Type
Business
Rental Equipment
Propane Tank
Transaction Type
For sale
Zoning Description
Commercial
Business
Business Type
Accommodation, Other, Restaurant, Arts and Entertainment
Business Subtype
Motel, General commercial, Restaurant, Entertainment
Building
Amenities
Balconies, Air Conditioning, Living Accommodation
Constructed Date
1960
Flooring Type
Carpeted, Ceramic Tile, Hardwood, Laminate
Heating Fuel
Electric, Propane
Heating Type
Baseboard heaters
Stories Total
2
Type
Other
Land
Total Size
1 - 3 acres
Access Type
Year-round access
Acreage
Yes
Amenities
Shopping
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