Motel/Hotel Property for Sale

Property For Sale In Red Deer, Red Deer

 Motel/Hotel Property for Sale, MLS® # C4164944
  • MLS®#: C4164944
  • Size: 30,871 sq ft
  • Price: $4,500,000
  • Status: Active
  • Year Built: 1969
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Almost 2 acres of land, building and business for sale. Great location and busy motel right on the main drag on the North side of Red Deer. Many upgrades have been done over the last two years. Appriasal was done for Sevus Credit Union in 2013 and valued at $6,300,000. First Mortgage of $2,400,000 at 4% interest is ASSUMABLE as long as buyer is qualified. Total of 72 rooms, plus a meeting room, plus gym and Restaurant pub. The Restaurant pub is almost complete and will be leased for $15,000 per month. Suites are in various capacities and sizes. Rooms are bringing in approximately $800,000. Have a look at it and have your accountant go over 3 years financials.

Contact Rob Johnstone About MLS® C4164944

Required Field

Rob Johnstone, 403-730-2330 at RE/MAX R.E.(Mountain View)Ltd., 222, 4625 VARSITY DRIVE N.W., CALGARY, Alberta, T3A 0Z9

property information

  • Property Type: Motel/Hotel Property
  • MLS®#: C4164944
  • Year Built: 1969
  • Total Floor Area: 30,871 sq.ft
  • Restrictions: See Remarks

Community Information

  • Neighbourhood: Red Deer
  • City: Red Deer
  • Postal Code: T4P 1X7


  • Exterior Features: High Traffic Area, Highway Access, Highway Frontage, Landscaped, Shopping Nearby, Street Lighting, Visual Exposure


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Disclaimer: The data included in this display is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board.
The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board. The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by The Canadian Real Estate Association (CREA) and identify real estate professionals who are members of CREA. Used under license.