ELDO INN - 12 Room Indoor Corridor Motel with 2 BR Apt for the Owner, in the Town of Blind River, which is one of the biggest towns on Hwy 17 between Sudbury and Sault Ste Maire and it's growing with the new projects coming up. Blind River has Hospital, KG to grade 12 Schools, Valu-Mart, Home Hardware, Banks, Fast food Franchisees, Tim-Hortons (24 hrs.), Restaurants, Beach, Marina and all necessary amenities. The property has a direct exposure on Tran Canada Hwy 17 with lot of 1.482 Acres having all municipal services (water, sewer etc.) Great future potential to build additional rooms or to establish any other business on the excess land. Motel has a commercial kitchen (not in use for many years) and sitting area for the Restaurant (potential for the new buyer if willing to start a restaurant business as well) Absentee Owner, an Employee runs the business - great opportunity for the new buyer to be an Owner Operator, grow the business and make more money. Currently it's an easy one-man operation with low operating costs and good profit. Do Not go direct without the confirmed showing appointment. Recently signed contract for U-HAUL DEALERSHIP - Extra INCOME for the New Buyer. Newer ROOF on the house portion and freshly Painted all rooms.
Property Type:
Commercial
Property Sub Type:
Sale Of Business
Freestanding:
Yes
Total Area:
64556 sq. ft. Acres
Total Area:
1.48 acre(s)0.6 hectare(s)
Retail Area:
0 sq. ft. %
Lot Depth:
146'5"44.6 m
Lot Frontage:
434'3"132 m
Water supply:
Municipal
Zoning:
Commercial, C2-A (Motel)
Heating type:
Electric Forced Air
Garage:
Outside/Surface
Possession Details:
30-60 days
HST Applicable To Sale Price:
Not Subject to HST
Assessment Year:
2024
Type Taxes:
Annual
Taxes:
$19,800 /
2025
Assessment:
$- /
2024
Algoma
Blind River
A list of chattels and equipment included in the price will be provided during the conditional period of the accepted offer.
This website may only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate of the type being offered via the website.
The data relating to real estate on this website comes in part from the MLS® Reciprocity program of the PropTx MLS®. The data is deemed reliable but is not guaranteed to be accurate.