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For Sale · Hospitality

508 Main Street, Arcola

508 Main Street, Arcola, SK S0C0G0

$599,800 total

5,218 SF

Asset Class

Hospitality

Size

5,218 SF

Building class

B

Zoning

CB2 — Central Business

$ / SF

$115

Occupancy

86%

Year Built

1993

Lot Size

1.93 ac

About this property

COMMERCIAL OPPORTUNITY IN HISTORIC ARCOLA - Have a look at this accommodation opportunity w/ upward revenue potential at the Arcola Motel, Cabins & Campgrounds. With high demand for rentals this could see significant occupancy for the right owner. This property features 10 motel rooms, an office, a manager's suite, a laundromat, 6 cabin suites ( one cabin as two separate rooms), 10 full-service campsites, and plenty of parking space. Current owner moving/retiring & IS MOTIVATED..OFFERING $20,000 Cash back on closing. PRICE REDUCED $100,000 - OPEN TO OFFERS. CONTACT REALTORS TO VIEW OR FOR INFO. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$600K
Down payment30% · $180K
Interest rate6.25%
Amortization25 years
Occupancy86%
Expense growth2.5%

Monthly debt service

$3K

Projected NOI

$31K

Annual cash flow

$-2K

Cash-on-cash

-1.33%

DSCR

0.93

Going-in cap

5.14%

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
Lakeview Physiotherapy2,341 SF2028-05
Lakeview Physiotherapy1,122 SF2028-05
Lakeview Physiotherapy1,020 SF2028-05

Area demographics

Trade area within 3 miles of the property.

Population

125,404

Households

55,319

Median income

$118,000

Median age

33

Daytime population

191,726

5-yr growth

2.7%

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

Secure deal room

Confidential diligence documents for 508 Main Street, Arcola.

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.