Property Details
504 & 506 Main Street
Manning (A2342680)
Description
An exceptional opportunity to acquire a diversified hospitality business with multiple income streams and strong upside potential—without the investment typically required for a large hotel operation. Located in Manning, Northern Alberta, this property combines a 25-room motel and a 23-room hotel, along with owner/manager living quarters featuring 2 bedrooms, a kitchen and living room.
Multiple revenue sources include monthly room rentals, a liquor store, a licensed bar with 6 VLTs, and seasonal karaoke nights. The karaoke operation generates approximately $50,000 in additional annual revenue during the winter season. Several rooms are also rented monthly, providing stable recurring income, while a vacant restaurant space offers an opportunity to create an additional revenue stream through leasing or reopening the restaurant.
An ideal opportunity for an owner-operator or investor seeking multiple sources of income, manageable operating costs, and significant potential to increase revenue through hands-on management and further development of the existing business.
Property details
- MLS® #
- A2342680
- Property Type:
- Commercial
- Subtype:
- Hotel/Motel
- Subdivision:
- NONE
- Price
- $999,000
- Sale/Lease:
- For Sale
- Size:
- 57,609 sq.ft.
- Year Built:
- 1947 (79 years old)
- Structure Type:
- Hotel/Motel
- Garage:
- No
- Fence:
- Basement:
- No
- Inclusions:
- N/A
- Zoning:
- C-1
- Possession:
- Negotiable
- Days on Market:
- 26
Basic Info
Building Info
Lot / Land Info
Listing Info
Contact
Find Us
Awards
2019 Top 50 REALTORS Under 35 in Canada
2018 Top 200 REALTORS in Canada
Contact
587-777-7276
yuri@grassrootsrealtygroup.ca
#118, 8805 Resources Road
Grande Prairie, AB
T8V 3A6
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