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$ 1,699,000
Est. payment | /mo
19,170 SqFt
$ 1,699,000
Est. payment | /mo
19,170 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 19,170 sqft
Price per Sqft $88
Subdivision Exeter
MLS Listing ID X11898983
Building Age 100+
Annual Tax Amount $11,254
Tax Year 2024
Property Sub-Type Investment
Property Description
Buy now to take advantage of the 2025 season! 16 room motel in growing community of Exeter, Ontario. Beautiful building with lots of parking and upswing with additional revenue streams. Known as the Ranch House Inn, this motel has little competition and a solid reputation over the past decades. The business is perfect for an owner/operator with a 3 bedroom, 3 washroom, spacious apartment on the top level. Grow your revenue by utilizing the 2484 sq ft banquet hall with kitchen by either repurposing the space or marketing to area where there is high demand. Additionally there is 2484 sq ft lower level space formerly used as a restaurant with potential for many uses. This package is perfect for the seasoned or budding entrepreneur. Exeter is located on busy Highway #4, 30 minutes north of London, 15 min East of Grand Bend, 40 min from Stratford and 2 hours West of the GTA. Exeter has most major amenities including schools, hospital, restaurants, grocery, and other major shopping hubs. Exeter and area hosts many major businesses, sports tournaments, and is a major hub for lake traffic in the warmer months. Turn-key sale, easy to manage with low operating costs.
Location
Province ON
County Huron
Community Exeter
Area Huron
Interior
Cooling Yes
Exterior
Community Features Major Highway
Utilities Available Available
Lot Frontage 73.5
Listed by Royal LePage Heartland Realty
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