Business Type: Hospitality
Date Listed: Fri, Feb 07, 2020
Property Tax: N/A
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Property Description for 10100 10 ST
Great Location, Solid Cash Flow, Easy Management!!! Silverado Inn, located in the best corner in a hub city of Dawson Creek. It's a downtown hotel that's run like a furnished APT block (43 unites) with 6 retail lease units in a 4 story building (3 above ground floors and a basement) on a half acre lot facing busy Alaska Highway (Hwy 97). The building has been continuously renovated and improved over the years by the current management. Great Cashflow of over 10% cap rate. $190k/yr retail lease income from Pub, Restaurant, Fitness Centre etc. and over $250k/yr rental income from 43 Extended-Stay Furnished Guestrooms with the low operating cost of less than $200k/yr because of no need for the front desk and regular chambermaids which means much less headaches for the owners. The recent upcoming contracts include the nearby hospital to refer and send their patients and long term guests to Silverado s the elevator will be rully operative by spring 2020 which will increase the cash flow. Info pkg avail.