439 MEMORIAL PKY

Rural Red Deer County, AB, T4E 1Z8
MLS® #: E4145035
Courtesy of Lee Smithson, RE/MAX Real Estate (Edmonton)

$10,500,000

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Business Type: Hospitality

Date Listed: Tue, Feb 26, 2019

Property Tax: N/A

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439 MEMORIAL PKY

Rural Red Deer County, AB, T4E 1Z8
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$10,500,000

51723 sqft|Hospitality
MLS® #: E4145035
Courtesy of Lee Smithson, RE/MAX Real Estate (Edmonton)

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Property Description

INVESTMENT OPPORTUNITY! The Suites is a unique hybrid tenancy model that is part apartment and part hotel (aka Apartel). This 92 Suite Apartel consists of furnished studio and 1 bedroom short term rentals along with unfurnished monthly rental units. Suites can be converted from non-furnished to furnished suites depending on demand. Every suite has kitchen, internet and cable service. In suite/coin op shared laundry and/or commercial linen services are available. Profitable building with low vacancy rates located in the Gasoline Alley West Business Park in Red Deer County.

Details

Property Type: Business Opportunity
Property Tax: N/A
Fees: N/A
Last Updated: Fri, December 13, 2019
Business Type: Hotel/Motel, Accommodation/Travel and Tourism
Nearest Town: Red Deer
Quarter: Southeast

Key Facts

MLS® #: E4145035
Ownership-Type: N/A
Year Built: 2017
sqft: 51723 SQFT
Date Listed: Feb 26, 2019
Lot Size: 1.61
Occupancy: N/A
Total Acres: 1.61
Township: 37
Type: Business with Property
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Suggested Listings (1)

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Jerry Rush, Royal Lepage Network Realty Corp.
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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright© 2020 REALTORS® Association of Edmonton. All Rights Reserved. Mortgage values are calculated by TD Group Financial Services based on values provided in the REALTOR® Association of Edmonton listing data feed.

Data was last updated: Friday, December 13, 2019, 4:32:09 AM
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RE/MAX Real Estate (Edmonton)

Stony Plain, AB

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(780) 991-9935

PH: (780) 991-9935
I'd prefer to be reached by text or phone call

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Introduction to Investing in Commercial Real Estate

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Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton. Copyright© 2020 REALTORS® Association of Edmonton. All Rights Reserved. Mortgage values are calculated by TD Group Financial Services based on values provided in the REALTOR® Association of Edmonton listing data feed.

Data was last updated Friday, December 13, 2019 at 4:32:09 AM