$2,995,000
FOR SALE

Business for Sale

Motel

Total Area: 5,356 ft2

104888 Highway 7
Madoc, ON K0K 2K0

You've Probably Driven by This One! Landmark Motel on Highway 7, Newly Completed Full Renovation with Brand New Plumbing, Electrical and Mechanical for Low Operating Costs. Excellent Cash Flow and Low Vacancy Rate. New Security Camera System. All 12 Units Have Full Kitchens with Brand New Full Fridges, Stoves, and Dishwashers in Each. 14 Private Fire Pits, One for Each Individual Room and New Volleyball Court Out Back. FULLY RENOVATED Private Quarters for Owner/Operator. Close to Town for Shopping and Conveniences. Midway Between Toronto and Ottawa, It's a Welcoming Spot for Travelers, Workers and Sportsmen Alike. Reception Area is Cafe Ready. Room to Expand on 1.9 Acres. Average Daily Traffic Count 3,900 (4,600 Summer/3.300 Winter -2016). Major Hydro Project Starting Nearby in 2026. Additional Potential Income from Billboards. VTB Available at 4.5% to Qualified Buyer. **** EXTRAS **** 3,000 Workers Will Need a Place to Stay! (id:47421)
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Listed By RE/MAX HALLMARK EASTERN REALTY
Data Provided By Central Lakes Association of REALTORS®
MLS® Listing Number X8166504
Last Updated May 13, 2024
Property Summary
Property Type Business For Sale

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

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Detailed Information
Total Area 5,356 ft2
Amenities Nearby Highway
Listing Contract Date 2024-03-21
Property Type Business
Transaction Type For sale
Business
Business Type Accommodation
Business Subtype Motel
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Forced air
Land
Total Size 380 x 215 FT
Amenities Highway
Sewer Septic System
Size of Irregular Land 380 x 215 FT

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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.

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