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$2,995,000
Available - For Sale
Listing ID: X8166504
You've Probably Driven by This One! Landmark Motel on Highway 7, Newly Completed Full Renovation with Brand New Plumbing, Electrical and Mechanical for Low Operating Costs. Excellent Cash Flow and Low Vacancy Rate. New Security Camera System. All 12 Units Have Full Kitchens with Brand New Full Fridges, Stoves, and Dishwashers in Each. 14 Private Fire Pits, One for Each Individual Room and New Volleyball Court Out Back. FULLY RENOVATED Private Quarters for Owner/Operator. Close to Town for Shopping and Conveniences. Midway Between Toronto and Ottawa, It's a Welcoming Spot for Travelers, Workers and Sportsmen Alike. Reception Area is Cafe Ready. Room to Expand on 1.9 Acres. Average Daily Traffic Count 3,900 (4,600 Summer/3.300 Winter -2016). Major Hydro Project Starting Nearby in 2026. Additional Potential Income from Billboards. VTB Available at 4.5% to Qualified Buyer.
Extras:   3,000 Workers Will Need a Place to Stay!
Price $2,995,000
Taxes: $8,763.76
Tax Type: Annual
Occupancy by: Vacant
Address: 104888 Highway 7 , Madoc, K0K 2K0, Ontario
Postal Code: K0K 2K0
Province/State: Ontario
Legal Description: See Remarks
Lot Size: 380 x 215 (Feet)
Directions/Cross Streets: Highway 7, 5.7 Km W Of Hwy 62
Zoning: C1
Category: With Property
Use: Hotel/Motel/Inn
Building Percentage: Y
Total Area: 5,356
Total Area Code:  Sq Ft
Area Influences: Major Highway  
Approximatly Age: 51-99
Financial Statement: N
Chattels: Y
Franchise: N
Days Open: 7
Hours Open: 24
Employees #: 2
Seats: 0
LLBO: N
Sprinklers: N
Heat Type: Gas Forced Air Closd
Central Air Conditioning: Y
Sewers: Septic
Water: Well
Water Supply Types: Drilled Well
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
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Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX HALLMARK EASTERN REALTY

104888 Highway 7 , Madoc, K0K 2K0, Ontario


 
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Type: Com - Sale Of Business
Area: Hastings
Municipality: Madoc
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Lot Size: 380.00 x 215.00(Feet)
Approximate Age: 51-99
Tax: $8,763.76
Maintenance Fee: $0
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