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Motel Business Opportunity with possible private mortgage

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Opportunity to own a motel business in beautiful Hope. Do your own due diligence and find out what the future Hope going to offer you. Property prices have started to go up for the past three years due to high demand in the area which is still affordable. This motel is located just within walking distance to shopping center, restaurants, gas stations and some fast food chains. It has 22 rooms on huge 0.587 acre of flat and useable land. All rooms need updates but some of the rooms are rented monthly to seniors, generating over $8,800 in revenue, and more revenue to improve. Almost all new windows, most electrical and plumbing have been updated over the years. Current mortgage can possibly be transferred with lender's approval. Please do not approach motel staff directly. Call for appointments.

Property Details

  • Property ID: 101295983
  • Total Rooms: 22
  • New Construction: No
  • Lot Size: 0.587
  • Style: Business
  • Storeys: 2
  • Building Size: 8000
  • Estimated Annual Taxes: $4,726
  • Status: Active
  • Parking Type Description: Driveway / Parking Apron 25 cars
  • Lot Area: 0.59 Acres
Listed By Hudson Purba and Fred McLellan of CENTURY 21 Desert Hills Realty (2010) Ltd.