Sprague River Inn

Hospitality for Sale
Catylist Listing ID: 30808364
Property Subtypes: Bed & Breakfast, Hotel, Inn, Motel
Number of Units: 7 Units
Building Size (RSF): 4,571 SF
Gross Building Area: See Agent
Gross Land Area: 34,000 SF
Sale Price: $199,900
Unit Price: $28,557.14 Per Unit
Property Use Type: Business
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 7/25/2022

Overview / Comments

Calling all investors! Opportunity to operate a long-time hotel/restaurant/bar business OR convert the property to multiple income generating units!

The Sprague River Inn is located on a busy highway, the only access to Northwest Angle by road! Operating as a lounge/vendor/hotel currently, the property offers ample space for the lounge area and a well-suited retail space for vendor. There is also a large dining space and kitchen available to expand that opportunity. Upstairs, SEVEN well appointed hotel rooms are available for rent, some with private ensuites, and also a shared bathroom available.

Wanting to convert to rental units? Plenty of space for multiple units to be developed in a community with few rental suites available. Located on 4 lots along the river, with room for expansion and development!

Sprague offers a Health Clinic, K-12 school, Grocery Store, Credit Union, Peat Moss Bogs nearby, only 10 minutes to the US border and recreation spots! Call today to see it for yourself!

Hotel Info:
Lounge - 18'8 x 52'4
Retail/Vendor - 18'10 x 19'9
Dining Room - 26 x 13'9
Kitchen - 15'5 x 20'9

Primary Suite (Main floor) 26 x 10'8
Ensuite 14'9 x 6'9

2nd Floor Hotel Rooms:
Room 1 - 2 singles
Room 2 - 2 singles
Room 3 - 1 single
Room 4 - 1 double (w/ 4pc ensuite)
Room 5 - 1 double
Room 6 - 1 double (w/ 4 pc ensuite)
Room 8 - 1 double
Common Laundry Room / One 2-pc bath / One 3-pc bath

Well water - 106' deep
Septic Tank & Field
Boiler System/ Wood stove in Lounge

Detached Double Garage (Hydro & Water supplied)
Detached Greenhouse

Situated on 4 lots along the river.

Additional Details

Taxing Authority: RM of Piney
Tax ID/APN: 88500.000
Zoning: TO BE CONFIRMED
Retail Clientele: General, Family, Business, Traveler, Tourist, Recreation
Property Visibility: Good
Highway Access: Located on Hwy 308, north of Hwy 12. Only road access to the US Northwest Angle.
Nearby Attractions: Southern Health Clinic Restaurant - South Junction School - K-12 RCMP MB Conservation Office Canada Border Security Offices nearby Recreation - Moose Lake/Buffalo Point 10 minutes to US border
Total Number of Buildings: 3
Number of Stories: 2
Property Condition: Average
Year Built: 1928
Year Renovated: 1960
Construction/Siding: Block, Concrete
Parking Type: Surface
Sprinklers: None
Laundry: Shared
Heat Type: Electricity, Hot Water
Heat Source: Central
Air Conditioning: Window Unit
Internet Access: DSL, Satellite
Lot Frontage: 199
Water Service: Well
Sewer Type: Septic
Legal Description: Lots 8-11, Plan 4218

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Contact

Photograph of Listing Agent

Adam Boulanger

Coldwell Banker Preferred R. E.
CPIX® Member
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