Business For Sale · Hospitality

102 Centre STREET, Milden

102 Centre STREET, Milden, SK S0L2L0

$359,900 total

5,202 SF

Asset Class

Hospitality

Size

5,202 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$69

Occupancy

87%

Year Built

1986

Lot Size

0.35 ac

About this property

Take advantage of this excellent opportunity to own the assets of the Milden Roadhouse & Motel, ideally located just off Highway 15 between Rosetown and Outlook. The Beverage room has a kitchen, VLTs, liquor vendor license and 6 hotel rooms, makes this business a diverse income generator. Offered as an asset sale, this package includes the equipment, machinery, fixtures, and ample on-site parking, providing an excellent foundation for a new owner to continue operations or bring their own vision to life. With its established location and versatile commercial setup. The 4 bedroom 2 bath house is attached to the motel with its own yard and private entrance. The living quarters are connected to the hallway for the rooms through its laundry room for ideal function for room cleaning as well as front lobby access. The strategic location, and proximity to ongoing agricultural, petroleum pipeline nearby and commuting distance to Saskatoon (one hour) make this an attractive investment Whether you're expanding your portfolio or launching your next venture, the Milden Roadhouse & Motel presents an exciting opportunity. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$360K
Down payment30% · $108K
Interest rate6.25%
Amortization25 years
Occupancy87%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$20K

Annual cash flow

$-30

Cash-on-cash

-0.03%

DSCR

1.00

Going-in cap

5.53%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Summit Trades Supply2,296 SF2034-12
Summit Trades Supply1,129 SF2034-12
Summit Trades Supply1,080 SF2034-12

Area demographics

Trade area within 3 miles of the property.

Population

83,727

Households

31,756

Median income

$121,000

Median age

33.6

Daytime population

139,449

5-yr growth

7.9%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 102 Centre STREET, Milden.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.