62,400 ft2
$1,350,000
Wow, this cash cow turn key motel currently has a 10% ROI as operated with excellent potential to increase revenues. Owner occupied and managed since 1972, it is absolutely immaculate, and centrally located close to Prince George's downtown core and Lheidli T'enneh Memorial events park. The Prince George Motor court has 14 stand-alone cabins/units and a caretake/manager suite generating approximately $17,000 revenues per month with about only $4600 per month in costs. Excellent potential to increase revenues as room rates have not been changed in many years or could be converted to a long term rental property with similar numbers. Ask for proforma to view various business scenarios and choose your path to prosperity. Share sale only. (id:60626)
Business
|
Business Type
|
Accommodation |
|
Business Sub Type
|
Hotel/motel |
Property Details
|
MLS® Number
|
C8073638 |
|
Property Type
|
Business |
|
Road Type
|
Paved Road |
Building
|
Constructed Date
|
1954 |
|
Size Interior
|
62,400 Ft2 |
Land
|
Acreage
|
No |
|
Size Irregular
|
0.43 |
|
Size Total
|
0.43 Ac |
|
Size Total Text
|
0.43 Ac |
