773, 776 and 780 8 Street SW
NONE Medicine Hat T1A 4M5

$4,600,000
Commercial

Main Photo: 773, 776 and 780 8 Street SW: Medicine Hat Hotel/Motel for sale : MLS®# A2134842
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Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2134842
Build. Type:
Free-Standing
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.
Property Type:
Commercial
Property Sub Type:
Hotel/Motel
Transaction Type:
For Sale
Building Type:
Free-Standing, Low Rise (2-4 stories)
Business Type:
Hotel/Motel, Liquor Store, Restaurant
Business Name:
Econo Lodge Inn & Suites, TC Motel, Bob's Liquor Store
Year built:
1964 (Age: 60)
Bathrooms:
- (Full:-, Half:-)
Plan:
4349GS
Structure Type:
Hotel/Motel
Ensuite:
No
Garage:
0
NONE
NA
See Remarks
Title to Land:
Fee Simple
Access To Property:
Accessible to Major Traffic Route, Airport Nearby, Direct Access, Paved Road, Visual Exposure
Num. of Parcels:
0
Region:
Medicine Hat
Zoning:
C-H
Listed Date:
May 24, 2024
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Listed by RE/MAX Complete Realty
Data was last updated June 12, 2024 at 08:05 PM (UTC)
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