TC Motel | 780 8 St SW
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TC Motel 780 8 St SW
18 Room Hotel Medicine Hat, AB T1A 4M6 £883,207 (£49,067/Room)
Investment Highlights
- 3 businesses (portfolio sale) with real estate included
- Close proximity to restaurants, gas stations, hospitals and shopping centres
- Located along Highway 1
Executive Summary
Rare opportunity to acquire 3 businesses (portfolio sale of Motel, Liquor Store & Restaurant) with real estate included! Price includes land, building, business and equipment. Inventory of Liquor Store not included. All businesses and inclusions of the sale are sold together (portfolio sale). Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary. Located along Highway 1 with dedicated entry and exit. Close proximity to restaurants, gas stations, hospitals and shopping centres and right across from a well known hotel, Econolodge inn and suites. Hotel across the street (Econolodge inn and suites) is also available for sale.
Motel : Currently operating as TC Motel. Used for long term tenants. 15 rooms with kitchenettes and 3 without it. Recently renovated.
Liquor Store: Currently operating as Bob's Liquor Store. 1,889 SqFt with 1,000 SqFt storage. Inventory is $450,000 approximately. One of the busiest liquor stores in the city. ** Inventory not included in the listed price**
Restaurant: Stand alone restaurant building can be leased out to increase income. Previously charged $3,600 per month for a Triple Net Lease (NNN). Recently renovated in 2021. With full commercial kitchen with one walk-in cooler and freezer and 70+ occupancy. Former Italian restaurant. Now vacant to set up any kind of restaurant. With two designated handicapped washroom.
Motel : Currently operating as TC Motel. Used for long term tenants. 15 rooms with kitchenettes and 3 without it. Recently renovated.
Liquor Store: Currently operating as Bob's Liquor Store. 1,889 SqFt with 1,000 SqFt storage. Inventory is $450,000 approximately. One of the busiest liquor stores in the city. ** Inventory not included in the listed price**
Restaurant: Stand alone restaurant building can be leased out to increase income. Previously charged $3,600 per month for a Triple Net Lease (NNN). Recently renovated in 2021. With full commercial kitchen with one walk-in cooler and freezer and 70+ occupancy. Former Italian restaurant. Now vacant to set up any kind of restaurant. With two designated handicapped washroom.
Property Facts
| Price | £883,207 | Lot Size | 0.81 AC |
| Price Per Room | £49,067 | Building Size | 16,568 SF |
| Sale Type | Investment | No. Rooms | 18 |
| Sale Conditions | Business Value Included | Number of Floors | 2 |
| Property Type | Hospitality | Year Built/Renovated | 1974/2023 |
| Property Subtype | Hotel | Corridor | Exterior |
| Building Class | C |
| Price | £883,207 |
| Price Per Room | £49,067 |
| Sale Type | Investment |
| Sale Conditions | Business Value Included |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 16,568 SF |
| No. Rooms | 18 |
| Number of Floors | 2 |
| Year Built/Renovated | 1974/2023 |
| Corridor | Exterior |
Amenities
- On-Site Retail
- Public Access Wi-Fi
- Fully-Equipped Kitchen
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 15 | £45.82 | - |
| Guest Room | 3 | £21.53 | - |
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zoning
| Zoning Code | C-H (Highway Commercial) |
| C-H (Highway Commercial) |
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TC Motel | 780 8 St SW
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