104888 Highway 7, Madoc | Image 1

104888 Highway 7

Madoc

  • Commercial

$2,995,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Hotel/Motel/Inn

  • Zoning: C1

  • Age: 51-99 years

  • Taxes: 8763.76

  • MLS®#: X8166504

  • Days on Site: 17 Days

  • Added: Mar 20, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RE/MAX HALLMARK EASTERN REALTY

You've Probably Driven by This One! Landmark Motel on Highway 7, Newly Completed Full Renovation with Brand New Plumbing, Electrical and Mechanical for Low Operating Costs. Excellent Cash Flow and Low Vacancy Rate. New Security Camera System. All 12 Units Have Full Kitchens with Brand New Full Fridges, Stoves, and Dishwashers in Each. 14 Private Fire Pits, One for Each Individual Room and New Volleyball Court Out Back. FULLY RENOVATED Private Quarters for Owner/Operator. Close to Town for Shopping and Conveniences. Midway Between Toronto and Ottawa, It's a Welcoming Spot for Travelers, Workers and Sportsmen Alike. Reception Area is Cafe Ready. Room to Expand on 1.9 Acres. Average Daily Traffic Count 3,900 (4,600 Summer/3.300 Winter -2016). Major Hydro Project Starting Nearby in 2026. Additional Potential Income from Billboards. VTB Available at 4.5% to Qualified Buyer.

Extras

3,000 Workers Will Need a Place to Stay!

Property

  • Status: Sale

  • Type: Hotel/Motel/Inn

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Age: 51-99

  • Area: Madoc

  • Availability Date: other

Inside

  • Air Conditioning: Y

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • UFFI: No

  • Water Supply Type: Drilled Well

  • Freestanding: Y

  • Water Supply: Well

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: See Remarks

  • Taxes: $8,764

  • Taxes Type: Annual

Land

  • Cross Street: Highway 7, 5.7 Km W

  • Municipality District: Madoc

  • Parcel Number: 401820062

  • Sewer: Septic

  • Lot Depth: 215 Feet

  • Lot Frontage: 380 Feet

  • Zoning: C1

Commercial Specific

  • Number of Employees: 2

  • Sprinklers: N

  • Total Area: 5356

  • Total Area Metric: Sq Ft

  • Hours Open: 24

  • Area Influence: Major Highway

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Survey: Y

  • Financial Statement: N

  • LLBO: N

Map of 104888 Highway 7, Madoc
JK-6

Madoc Township Public School

Elementary: Public
8.10 km
JK-4

Earl Prentice Public School

Elementary: Public
10.74 km
4-8

Marmora Senior Public School

Elementary: Public
9.87 km
JK-8

Sacred Heart Catholic School

Elementary: Catholic
10.57 km
JK-8

Madoc Public School

Elementary: Public
6.14 km
JK-8

Stirling Public School

Elementary: Public
22.76 km
9-12

Nicholson Catholic College

Secondary: Catholic
38.95 km
9-12

Campbellford District High School

Secondary: Public
28.61 km
9-12

Centre Hastings Secondary School

Secondary: Public
6.36 km
9-12

Quinte Secondary School

Secondary: Public
37.94 km
9-12

St Theresa Catholic Secondary School

Secondary: Catholic
36.68 km
9-12

Centennial Secondary School

Secondary: Public
39.59 km