17
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$1,990,000
Est. payment /mo
21,326 SqFt
Active
225 Creighton AVENUE Creighton, SK S0P0A0
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Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 21,326 sqft
Price per Sqft $93
MLS® Listing ID SK988941
Originating Board Saskatchewan REALTORS® Association
Year Built 1988
Lot Size 1.190 Acres
Acres 51836.4
Property Description
This well-maintained two-story motel features 36 rooms and an on-site lounge with four VLTs. Sales are $858,000 in 2024 and $758,000 in 2023, and Occupation Rate is 62.8% in 2024 and 55.4% in 2023. Operating as an almost absentee-owner business, it offers significant potential for increased sales, particularly due to its proximity to a mining and smelting company. Recent renovations include a newly replaced roof, beds, room heaters, carpets, and bathrooms, contributing to a competitive edge and a steady increase in sales. The property also includes a manager’s suite with three bedrooms and a full bath. The restaurant space is currently leased, and it boast an impressive CAP rate of 20.60% (id:24570)
Location
State SK
Interior
Heating Hot Water
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
Listed by Boyes Group Realty Inc.
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