Opportunity to own a motel business in beautiful Hope. Do your own due diligence and find out what the future Hope going to offer you. Property prices have started to go up for the past three years due to high demand in the area which is still affordable. This motel is located just within walking distance to shopping center, restaurants, gas stations and some fast food chains. It has 22 rooms on huge 0.587 acre of flat and useable land. All rooms need updates but some of the rooms are rented monthly to seniors, generating over $7,600 in revenue, and more revenue to improve. Almost all new windows, most electrical and plumbing have been updated over the years. Current mortgage can possibly be transferred with lender's approval. Please do not approach motel staff directly. Call for appointments.
Out Of District
Out Of District - Sub Area
Business w/Bldg & Land
0.59 acre(s)0.24 hectare(s)
Highway Access, Shopping Nearby, Corner Site
LOTS 7, 8, 9, 10 & 11 PLAN KAP923 DL 7 LD 59 EXCEPT THOSE PORTIONS OF THE HOPE PRINCETON HIGHWAY SHOWN ON SKETCH PLAN SEE FILING 18765B
Listing information last updated on 23-Mar-2018 2:44 PM