Fantastic business opportunity right in the heart of Clarenville. This 25 room motel ( formerly known as the Restland Motel has been providing accommodations to tourists and locals for years. This property has been well maintained over the years and is ready for a new owner. The 15,000 square foot building located next to shopping and many other amenities features a pub, restaurant and a mixture of motel rooms and efficiency units ( 10 efficiency units and 15 motel rooms). This property would make a great investment as a motel or could easily be configured for long term or short term housing. With the current demand for affordable housing and rental demands this property would be suitable to help ease such demands. Don't miss out on this fantastic investment opportunity!! (id:374)
Mls | 1276933 |
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Listing Type | For Sale |
Style | Attachd |
Status | Active |
Year | 1960 |
Days On Site | 90 |
Listing Provided By | Royal LePage Atlantic Homestead | NICK VINICOMBE |
Sq Feet | 15,000 |
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Storys | 2 |
Zoning | Commercial |
State | NL |
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City | Clarenville |
Zip Code | A5A1N9 |
Listing VS Median (in A5A1N9) | |
Price: $949,900 low | high Med: $949,900 SqFt: 15,000 low | high Med: 15,000 $ / SqFt: $63 low | high Med: $63 On Site: 90 low | high Med: 90.000000 |