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$ 2,100,000
Est. payment /mo
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1441 Manawagonish Road Saint John, NB E2M3X8
10,700 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
Square Footage 10,700 sqft
Price per Sqft $196
MLS® Listing ID NB131330
Lot Size 1.379 Acres
Acres 1.3793422
Property Sub-Type Freehold
Source New Brunswick REALTORS®
Property Description
This award-winning, 31-unit franchise motel offers a turnkey investment opportunity in Saint John, New Brunswick, a city currently experiencing record-breaking tourism growth. Located in a region named by CNN as one of the world's top travel destinations for 2024, the property is perfectly positioned to capitalize on Saint John's surging popularity. Discover a rare gem in the hospitality market with the Econo Lodge Inn & Suites, a highly profitable and meticulously maintained 31-unit motel. Situated on a sprawling 200' x 350' lot on the prestigious West Side of Saint John, this property offers breathtaking, elevated views overlooking the world-famous Bay of Fundy. It features various amenities and has undergone recent upgrades. The motel operates under a recognizable franchise brand of Choice Hotels. All rooms have refrigerators , microwaves, coffee pots and USB ports and 13 of the rooms are kitchenette units (microwave, refrigerator and sink). There are 31 rooms with a total of 41 beds. Many upgrades have been done and the rooms are spacious and bright. This property benefits from exceptional exposure on two of the city's highest-traffic arteries. It is ideally located just minutes from major attractions like the Reversing Falls Rapids, Irving Nature Park, and the Nova Scotia ferry terminal. This is a premier opportunity for a savvy investor or owner-operator to acquire a high-performing asset in one of New Brunswick's most scenic and accessible commercial hubs. (id:24570)
Location
Province NB
Lake Name Bay of Fundy
Rooms
Kitchen 0.0
Interior
Heating Baseboard heaters,
Cooling Central air conditioning
Exterior
Parking Features No
View Y/N No
Private Pool No
Building
Lot Description Landscaped
Water Bay of Fundy
Others
Ownership Freehold
Listed by Keller Williams Capital Realty