$4,600,000.00 0 Sq.ft

773, 776 and 780 8 Street SW, Medicine Hat. T1A 4M5

Description

Extremely rare opportunity to acquire 4 businesses (portfolio sale of Hotel, Motel, Liquor Store & Restaurant) with real estate included! Price includes land, building, business and equipment. Inventory of Liquor Store not included. All businesses and inclusions of the sale are sold together (portfolio sale). Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary. Located along Highway 1 with dedicated entry and exit. Close proximity to restaurants, gas stations, hospitals and shopping centres. Hotel: Hotel is currently operating as one of the choice hotels, Econo Lodge Inn & Suites. With excellent accessibility to Highway 1. Amenities include swimming pool, sauna, dedicated barbeque area. Single (34), Double bed (7), Double bed Kitchenette (15). Pet friendly and with free breakfast. With ample onsite parking available. Motel : Currently operating as TC Motel. Used for long term tenants. 15 rooms with kitchenettes and 3 without it. Recently renovated. Liquor Store: Currently operating as Bob's Liquor Store. 1,889 SqFt with 1,000 SqFt storage. Inventory is $450,000 approximately. One of the busiest liquor stores in the city. Restaurant: Stand alone restaurant building can be leased out to increase income. Previously charged $3,600 per month for a Triple Net Lease (NNN). Recently renovated in 2021. With full commercial kitchen with one walk-in cooler and freezer and 70+ occupancy. Former Italian restaurant. Now vacant to set up any kind of restaurant. With two designated handicapped washroom.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2134842
City:Medicine Hat
Neighbourhood:NONE
Province:Alberta
Building/Unit Size: 0 sq.ft
Land Size:0.00 Acre
Listing Price:$4,600,000.00
Lease Rate: $0.00
Business Type: Hotel/Motel ,Liquor Store ,Restaurant Hotel/Motel , Liquor Store , Restaurant
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:C-H
Listing Contract Date:2024-05-24

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "RE/MAX Complete Realty" listing brokerage.

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