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"Averages 100% occupancy"
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Coldwell Banker 1st Minot Realty
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| Clyde Thorne |
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Email Clyde |
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Phone: |
(701)852-0136 |
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Home: |
(701) 839-6066 |
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Cell: |
(701)240-8594 |
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Fax: |
(701)839-7508 |
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Address:
575 E. Brewster St
Type: Commercial
Style:
Lot Type: Rectangular
MLS®: 20080174
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An entrepeneur's dream: A 16 unit motel that includes a owner's residence, 1-car heated garage with storage and additional land for expansion. Motel has aperpetual contract that keeps this motel at a 90% occupancy rate. Motel nets 50% of gross income. Boiler new in 1994; garage & motel roof new in 2007;motel newer windows and resurfaced parking lot in 2007. |
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All appurtenances with hotel stay, i.e. beds, microwaves, clocks, etc. except for van.
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New owners can live in residence and operate motel to keep labor expenses down.
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Owners have steady clientele that maintains the high occupancy rate.
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Extra land available for expansion of motel or RV park
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