504 & 506 Main Street, Manning, Alberta

About 504 & 506 Main Street

An exceptional opportunity to acquire a diversified hospitality business with multiple income streams and strong upside potential—without the investment typically required for a large hotel operation. Located in Manning, Northern Alberta, this property combines a 25-room motel and a 23-room hotel, along with owner/manager living quarters featuring 2 bedrooms, a kitchen and living room.Multiple revenue sources include monthly room rentals, a liquor store, a licensed bar with 6 VLTs, and seasonal karaoke nights. The karaoke operation generates approximately $50,000 in additional annual revenue during the winter season. Several rooms are also rented monthly, providing stable recurring income, while a vacant restaurant space offers an opportunity to create an additional revenue stream through leasing or reopening the restaurant.An ideal opportunity for an owner-operator or investor seeking multiple sources of income, manageable operating costs, and significant potential to increase revenue through hands-on management and further development of the existing business. (id:6289)

More Info on this MLS® listing

504 & 506 Main Street is a listing for sale in Manning. The MLS® number is A2342680. It was built in 1947 and covers 57,609 square feet. It's currently listed for $999,000. For more details on MLS® A2342680, including price history, disclosures, or to schedule a private showing, fill out the form on this page. This listing in Manning is available now!

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