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X5298135
$2,200,000

958 Highway 7 (Sob) St E (Highway 7 & Lancaster Rd.)

Price: $2,200,000

Status: For Sale 

MLS®#: X5298135

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$2,200,000
  • Tax: $9,802.68/Annual (2020)
  • Community:Rural Otonabee-South Monaghan
  • City:Otonabee-South Monaghan
  • Type:Commercial
  • Style:Sale Of Business
  • Bath:16
  • Size: 3 Sq Ft
  • Basement:Y
  • Garage:Outside/Surface

Features:

  • HeatingGas Hot Water
  • Sewer/Water SystemsSeptics, Well

Listing Contracted With: RE/MAX MILLENNIUM REAL ESTATE, BROKERAGE

Description

15 Rooms Renovated Motel With Attached House On Busy Hwy7 (700M From Hwy 115). Well Established Property Situated On 2.75 Acre Land With 245Ft Frontage On Hwy 7. Best Opportunity For Investment. The Property's Zoning Offers Huge Potential In Mix Development And Gen. Commercial Zoning Allows For A Large Selection Of Uses Incl. To Build Up To 3 Storeys Hotel Rooms, Build Truck Stop Or Buildings As Any Commercial/ Gas Station/ Automotive/ Retail/ Plaza.


Highlights

Motel Was Improved And Fully Renovated. High Occupancy, High Cap Rate, Very Low Expenses. All Rooms Equipped With A/C, Fridge, Tv, H/S Internet Access/ Phone/ Microwave. Please See Attached For All Permitted Uses. Financials Upon Request.

Want to learn more about 958 Highway 7 (Sob) St E (Highway 7 & Lancaster Rd.)?

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’

Raj Suri and Neil Jain

Brokers

RCB Realty Inc., Brokerage

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