521 Grand Avenue East, Chatham-Kent | Image 1

521 Grand Avenue East

Chatham-Kent, Chatham-Kent

  • Commercial

$4,600,000
For Sale

Added 3 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: Commercial

  • Age: 31-50 years

  • Taxes: 31905

  • MLS®#: X8215302

  • Days on Site: 6 Days

  • Added: Apr 09, 2024 (3 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: OUR NEIGHBOURHOOD REALTY INC.

Introducing an independently owned and operated 31-unit motel with a storied history of exceptional service, nestled on a spacious 1.02-acre lot. Strategically positioned along Hwy 40, this well-established property boasts a prime location for travelers and visitors alike.With a legacy of catering to a loyal base of repeat clientele, this motel has maintained a strong reputation for quality and comfort. The current owner has diligently renovated the property, ensuring it remains its upkeep and inviting for guests.In addition to its accommodations, the property includes a comfortable owner's living quarters, adding a desirable residential element to the overall offering.Ideal for investors seeking a turnkey hospitality opportunity or individuals looking to own and operate their own motel with potential for continued success.

Extras

Financials & Seller Property Information Statement to be provided upon signing NDA.

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Age: 31-50

  • Area: Chatham-Kent

  • Community: Chatham-Kent

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • UFFI: No

  • Energy Certificate: N

  • Green Verification Status: N

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

Fees

  • Tax Year: 2023

  • Taxes: $31,905

  • Taxes Type: Annual

Land

  • Cross Street: Grand Ave E & Devons

  • Municipality District: Chatham-Kent

  • Parcel Number: 007340387

  • Lot Depth: 622 Feet

  • Lot Frontage: 99 Feet

  • Lot Irregularities: 12.19 Ft X 622.52 Ft

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 6

  • Retail Area Metric: Sq Ft

  • Total Area: 44659.42

  • Total Area Metric: Sq Ft

  • Hours Open: 24

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Financial Statement: Y

  • LLBO: N

Map of 521 Grand Avenue East, Chatham-Kent
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