16 room motel in growing community of Exeter, Ontario. Beautiful building with lots of parking and upswing with additional revenue streams. Known as the Ranch House Inn, this motel has little competition and a solid reputation over the past decades. The business is perfect for an owner/operator with a 3 bedroom, 3 washroom, spacious apartment on the top level. Grow your revenue by utilizing the 2484 sq ft banquet hall with kitchen by either repurposing the space or marketing to area where there is high demand. Additionally there is 2484 sq ft lower level space formerly used as a restaurant with potential for many uses. This package is perfect for the seasoned or budding entrepreneur. Exeter is located on busy Highway #4, 30 minutes north of London, 15 min East of Grand Bend, 40 min from Stratford and 2 hours West of the GTA. Exeter has most major amenities including schools, hospital, restaurants, grocery, and other major shopping hubs. Exeter and area hosts many major businesses, sports tournaments, and is a major hub for lake traffic in the warmer months. Turn-key sale, easy to manage with low operating costs. (id:47421)
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Detailed Information
Lot
73.5 x 0 ft
Amenities Nearby
Highway
Listing Contract Date
2024-12-20
Location Description
FROM LONDON TAKE HIGHWAY #4 TO EXETER. PROPERTY ON RIGHT SIDE PAST JAMES ST.
# of Parking Spaces
24
Property Type
Business
Transaction Type
For sale
Zoning Description
C1
Business
Business Type
Accommodation
Business Subtype
Motel
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Other
Utility Water
Municipal water
Land
Total Size
73.5 FT ; RECTANGULAR W/PARKING AND LANE AT REAR
Amenities
Highway
Sewer
Sanitary sewer
Size of Irregular Land
73.5 FT ; RECTANGULAR W/PARKING AND LANE AT REAR
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