$999,900
FOR SALE

Business for Sale

Motel

262 Memorial Drive
Clarenville, NL A5A 1N9

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)
Share
Listed By Clarenville Realty Ltd., Royal LePage Atlantic Homestead
Data Provided By Newfoundland & Labrador Association of REALTORS®
MLS® Listing Number 1276933
Last Updated Sep 10, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Motel
Franchise Non-Franchise
Price History

Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

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

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.

FREE ESTIMATES ARE COMING

Reserve Your Spot To Be Notified
or

Coming soon to select cities
in North America

(We'll never share your details)