Well-maintained 24-room motel located in Wainwright, offering stable cash flow and a semi-absentee ownership structure. The property generates approximately $341,000 in annual revenue with an estimated NOI of ~$139,000, providing an attractive return for investors.The motel features a strong mix of clientele including work crews, healthcare professionals, railway personnel, and general travelers, with approximately 50% of occupancy from long-term stays, ensuring consistent and predictable income. Fully renovated in 2016, the property is in turn-key condition with minimal immediate capital expenditure required. A new hot water tank was installed in 2025.The business is currently operated by an on-site manager couple, making it an ideal opportunity for investors seeking a passive or semi-passive income stream. The property includes a manager’s suite attached to the front office for efficient operations.Situated on a 1.5-acre site, the property offers additional upside potential for future expansion or redevelopment. Excellent opportunity to acquire a stable hospitality asset in a resilient regional market. (id:55577)
Property Features
- MLS® Number A2315848
- Price $1,390,000
- Square Footage: 9048 sqft
- Community Name: Wainwright
- Plan 295ny
Buildings
| Constructed Date | 1958 | Size Exterior | 9048 Sqft |
| Size Interior | 9048 Sqft | Total Finished Area | 9048 Sqft |
Land
| Acreage | No | Size Total Text | Unknown |
| Zoning Description | C3 |
Agents and Offices
- Simon Choi
- Office: RE/MAX Complete Realty