14,580 sqft
Boiler
$1,285,000
Opportunity meets timing in the heart of Wawa. The Algoma Motel is a well-established 16-room property known for its loyal clientele, welcoming atmosphere, and signature fresh daily muffins. Centrally located and owner-operated, this turnkey business offers strong foundations with ongoing updates already underway, including room improvements that position the property for continued growth. A standout feature of the property is the additional on-site retail space, formerly operated as a brewery and wine store, presenting an excellent opportunity for a variety of high-margin, low-overhead business uses with minimal staffing requirements. With increasing regional activity and economic expansion driven by mining and infrastructure development, the demand for short-term accommodations continues to strengthen. Offered with flexible purchase options (asset or share sale), this is an excellent opportunity for an investor or hands-on operator to step into a recognized business and build on its existing success in one of Northern Ontario’s evolving markets. (id:63476)
Business
|
Business Type |
Accommodation |
|
Business Sub Type |
Hotel/motel |
Property Details
|
MLS® Number |
SM260681 |
|
Property Type |
Other |
|
Community Name |
Wawa |
|
Communication Type |
High Speed Internet |
|
Features |
Office Space, Energy Efficient |
Building
|
Age |
Over 26 Years |
|
Amenities |
Living Accommodation, Storefront, Street Lighting |
|
Basement Type |
Full |
|
Exterior Finish |
Brick |
|
Foundation Type |
Block |
|
Heating Fuel |
Propane |
|
Heating Type |
Boiler |
|
Size Interior |
14,580 Sqft |
|
Utility Water |
Municipal Water |
Parking
Land
|
Access Type |
Road Access |
|
Acreage |
No |
|
Sewer |
Municipal Sewage System |
|
Size Frontage |
122.0000 |
|
Size Total Text |
1/2 - 1 Acre |
Utilities
|
Electricity |
Available |
|
Telephone |
Available |