40
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$3,000,000
Est. payment /mo
11,500 SqFt
Active
9151 Road 164 (HWY 23) RD N North Perth, ON N0G 2P0
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Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 11,500 sqft
Price per Sqft $260
Subdivision Wallace
MLS Listing ID X11996401
Annual Tax Amount $9,012
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Seize the opportunity to own a fully renovated 20-room motel with a restaurant along with a spacious 2-bedroom owners suite that includes a separate kitchen and living area, strategically located on a 6 - acre rectangular site along Hwy 23 North end of Listowel, boasting excellent visibility and easy access, plus ample surface parking. This Privately owned VOW MOTEL is located 35-minutes North of Kitchener-Waterloo area on Highway 23 North, a Regional Highway connecting with London to the southwest as well as the Bruce Peninsula and Highway 400 to the North and East which sees some 10,000 Vehicles daily. The property is zoned Highway Commercial, allowing for a broad range of commercial activities, including hotel/motel operations and accessory uses. Renovations completed between 2017 and 2020 encompassed updates to guest rooms, bathrooms, plumbing, electrical systems, and equipment, along with new corridor, windows, doors, roofing, this includes new roof shingles 2020, ESA Certified, Energy efficient Base board Heaters and new Plumbing/Sewer permit approved. Opportunities include vibrant Summer Festivals in the area, Provincial Hockey tournaments, Curling, Broom Ball Tournaments and the new construction of a 56-acre commercial plaza nearby. Set in a serene location, the motel is close to local demand drivers such as the Listowel & Palmerston town centers, Palmerston Industrial Park, TG Minto Factory (Toyota), Spinrite Yarns, LTI Tech (Honda). Listowel Golf Club & Steve Kerr Memorial Complex which hosts a number of events as well as the developing Northeast Employment Lands. Tremendous potential exists to maximize existing revenue streams such as rooms, Restaurant and Summer outdoor events such as Weddings etc. Attention all investors & builders: The current Highway Commercial zoning supports a wide array of development projects or expansion to the existing Motel. Property Serviced by Hydro One for Electricity & Enbridge Gas for Natural Gas
Location
Province ON
County Perth
Community Wallace
Area Perth
Interior
Cooling Yes
Exterior
Lot Frontage 528.0
Lot Depth 495.0
Others
Security Features No
Listed by ROYAL LEPAGE FLOWER CITY REALTY
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