13
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$849,000
Est. payment /mo
7,301 SqFt
Active
5604 4 AVE Edson, AB T7E1L6
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Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 7,301 sqft
Price per Sqft $116
Subdivision Edson
MLS Listing ID A2337174
Year Built 1970
Lot Size 0.960 Acres
Acres 0.96
Property Sub-Type Hotel/Motel
Property Description
TURNKEY HOSPITALITY INVESTMENT – PRIME HIGHWAY 16 LOCATION
Opportunity awaits with this well-established and profitable 16-room motel,strategically located along Highway 16 in Edson,Alberta—an important transportation corridor and gateway to Jasper National Park. Offering excellent visibility,strong curb appeal,a proven operating history and immediate income potential,this property presents an exceptional opportunity for an investor or owner-operator.
The property features a versatile mix of accommodations,including standard guest rooms,studio kitchenettes and spacious one-bedroom kitchenette suites. Half of the guest units offer kitchen facilities,making the property particularly attractive to extended-stay guests,workers and long-term clientele.
The prime location,directly across from Walmart and within walking distance of restaurants,shopping and other amenities,provides excellent exposure and convenient access for guests. A loyal customer base and strong repeat business contribute to the property's established reputation,while numerous recent upgrades have enhanced both the guest experience and overall appeal. The property currently maintains a 4+ star online rating,reflecting its strong reputation within the local hospitality market.
Designed for efficient operation,the business requires minimal staffing and is currently managed remotely. Annual revenue is approximately $220,000,with an adjusted NOI of approximately $110,000. For an owner-operator living in the onsite three-bedroom manager's suite,there is additional potential to reduce accommodation expenses while taking a more hands-on approach to operations.
Significant future growth potential exists as Edson continues to experience economic development. The planned $86 million Edson Leisure Centre and the upcoming $2.8 billion ATCO Yellowhead Pipeline project are expected to contribute to increased economic activity and potential demand for local accommodation.
Additional upside may be achieved by converting existing space into a 17th guest suite. Plumbing and washroom infrastructure are already in place,with estimated completion costs of less than $7,000.
This turnkey opportunity offers flexible management options,manageable day-to-day operations and full training from the current owner to assist with a smooth transition. Offered as-is and competitively priced,this is a rare opportunity to acquire an established hospitality business with strong cash flow,minimal operational complexity and meaningful future upside.
Opportunity awaits with this well-established and profitable 16-room motel,strategically located along Highway 16 in Edson,Alberta—an important transportation corridor and gateway to Jasper National Park. Offering excellent visibility,strong curb appeal,a proven operating history and immediate income potential,this property presents an exceptional opportunity for an investor or owner-operator.
The property features a versatile mix of accommodations,including standard guest rooms,studio kitchenettes and spacious one-bedroom kitchenette suites. Half of the guest units offer kitchen facilities,making the property particularly attractive to extended-stay guests,workers and long-term clientele.
The prime location,directly across from Walmart and within walking distance of restaurants,shopping and other amenities,provides excellent exposure and convenient access for guests. A loyal customer base and strong repeat business contribute to the property's established reputation,while numerous recent upgrades have enhanced both the guest experience and overall appeal. The property currently maintains a 4+ star online rating,reflecting its strong reputation within the local hospitality market.
Designed for efficient operation,the business requires minimal staffing and is currently managed remotely. Annual revenue is approximately $220,000,with an adjusted NOI of approximately $110,000. For an owner-operator living in the onsite three-bedroom manager's suite,there is additional potential to reduce accommodation expenses while taking a more hands-on approach to operations.
Significant future growth potential exists as Edson continues to experience economic development. The planned $86 million Edson Leisure Centre and the upcoming $2.8 billion ATCO Yellowhead Pipeline project are expected to contribute to increased economic activity and potential demand for local accommodation.
Additional upside may be achieved by converting existing space into a 17th guest suite. Plumbing and washroom infrastructure are already in place,with estimated completion costs of less than $7,000.
This turnkey opportunity offers flexible management options,manageable day-to-day operations and full training from the current owner to assist with a smooth transition. Offered as-is and competitively priced,this is a rare opportunity to acquire an established hospitality business with strong cash flow,minimal operational complexity and meaningful future upside.
Location
Province AB
County 0482
Zoning C2
Interior
Heating Combination, Natural Gas
Inclusions None
Fireplace No
Exterior
Roof Type Asphalt Shingle,Metal
Garage No
Building
Dwelling Type Hotel/Motel
Foundation Poured Concrete
Others
Restrictions None Known
Listed by CENTURY 21 TWIN REALTY
NEARBY SCHOOL & BUSINESS