Rural Motel For Sale

Hospitality for Sale
Sale Pending
Catylist Listing ID: 30852632
Property Subtypes: Hotel, Motel
Status: Pending
Number of Units: 11 Units
Building Size (RSF): See Agent
Gross Building Area: See Agent
Gross Land Area: 425 - 293 SF
Sale Price: $999,000
Unit Price: $90,818.18 Per Unit
Property Use Type: Business
Name of Establishment: Riverton Motor Inn
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 9/11/2023

Overview / Comments

Immaculate and turn key! This is a rare find! Owner is retiring! Riverton Motor Inn is a local and community based business, that has maintained it's steady return for fifteen years of ownership. Loyal clients / customers and travelers have enjoyed the priviledge of a perfect night stay and/or weekly / monthly. Includes, beer vendor, (only one in town) fourteen (14) VLT's, /bar/ lounge/ entertainment band set up (large stage) / Kareoke nights are always a hit !! Pool Table/ two Large patio's for summer BBQ's and town events/ Eleven (11) Rooms / full service reastaurant available/ laundry facilities/ fulltime local staff and much more!~ Riverton is previldged to be nearby Gimli, Gull Harbour & Conference centre as well as Hecla Resort. There is a strong community support within this Hotel while holding many activities in relations to family or business. This is an extrodianary opportunity! Owner is willing to stay several months to assist in the transition.

Additional Details

Submarket/Township: R19
Tax ID/APN: 439803.000
Zoning: C
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation, Other
Property Visibility: Good
Highway Access: Highway 8
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Excellent
Parking Type: Surface
Parking Description: Each unit has its own parking stall. Over all there is plenty of parking on site.
Sprinklers: None
Heat Type: Electricity, Natural Gas
Heat Source: Baseboard, Other
Zoning Description: Hospitality
Lot Frontage: 425
Lot Depth: 293
Water Service: Well
Sewer Type: Municipal
Legal Description: 2-16243

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Anil Thanki Personal Real Estate Corporation

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