A 37 room motel Lively Inn amp ; Suites Motel, together with three stable tenants, generates a fixed gross monthly rental income of 13, 300 from a restaurant, dog training ...
| Website: | https://www.nestseekers.com/5566419 |
|---|---|
| Address: | Greater Sudbury P3Y 1C4 Canada |
| Ownership: | For Sale |
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| Type: | Unknown |
Financials
Price:C4,200,000
($3,003,700)
(€2,592,700)
Annual Taxes:C38,999.80
Description
A 37-room motel (Lively Inn & Suites Motel), together with three stable tenants, generates a fixed gross monthly rental income of $13,300 from a restaurant, dog-training facility, and convenience store. The property sits on a 3.14-acre, C2-zoned corner lot, offering exceptional visibility, easy access, and a prime opportunity for high-traffic commercial or mixed-use development on its surplus land.Currently zoned Highway Commercial (C2 R1-5) and comprising three separate lots with individual PINs (including two lots fronting Old Soo Road), the site supports a wide range of development possibilities such as a plaza, gas station, or additional commercial structures.This property is ideal for an investor seeking both immediate income and long-term development potential, with zoning that accommodates numerous commercial projects or future expansions to the existing motel operation.
Angelo Ferlisi 9 Queen Street Unit 7, Cookstown, Ontario |