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New property listed in Creighton

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Posted in Creighton Real Estate
New property listed in Creighton

I have listed a new property at 225 Creighton AVE in Creighton. See details here

This well-maintained two-story motel features 36 rooms and an on-site lounge with four VLTs. Operating as an almost absentee-owner business, it offers significant potential for increased sales, particularly due to its proximity to a mining and smelting company. Recent renovations include a newly replaced roof, beds, room heaters, carpets, and bathrooms, contributing to a competitive edge and a steady increase in sales. The property also includes a manager’s suite with three bedrooms and a full bath. The restaurant space is currently leased, and the property boasts a 2023 total assessed value of $1,018,900, with an impressive CAP rate of 20.60%.

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