An exceptional opportunity to acquire a diversified hospitality business with multiple income streams and strong upside potential—without the investment typically required for a large hotel operation. Located in Manning, Northern Alberta, this property combines a 25-room motel and a 23-room hotel, along with owner/manager living quarters featuring 2 bedrooms, a kitchen and living room.Multiple revenue sources include monthly room rentals, a liquor store, a licensed bar with 6 VLTs, and seasonal karaoke nights. The karaoke operation generates approximately $50,000 in additional annual revenue during the winter season. Several rooms are also rented monthly, providing stable recurring income, while a vacant restaurant space offers an opportunity to create an additional revenue stream through leasing or reopening the restaurant.An ideal opportunity for an owner-operator or investor seeking multiple sources of income, manageable operating costs, and significant potential to increase revenue through hands-on management and further development of the existing business. (id:51989)
Features of 504 & 506 Main Street
- MLS® Number A2342680
- Price $999,000
- Square Footage: 57609 sqft
- Plan 1095hw
Buildings
| Constructed Date | 1947 | Size Exterior | 57609 Sqft |
| Size Interior | 57609 Sqft | Total Finished Area | 57609 Sqft |
Land
| Acreage | No | Size Total Text | Unknown |
| Zoning Description | C-1 |
Agents and Offices
- Gemma Lee
- Office: First Place Realty