164 Mission RD, Wawa, Ontario, Canada, P0S1K0
1,285,000
for Sale
About the property:
Opportunity meets timing in the heart of Wawa. The Algoma Motel is a well-established 16-room property known for its loyal clientele, welcoming atmosphere, and signature fresh daily muffins. Centrally located and owner-operated, this turnkey business offers strong foundations with ongoing updates already underway, including room improvements that position the property for continued growth. A standout feature of the property is the additional on-site retail space, formerly operated as a brewery and wine store, presenting an excellent opportunity for a variety of high-margin, low-overhead business uses with minimal staffing requirements. With increasing regional activity and economic expansion driven by mining and infrastructure development, the demand for short-term accommodations continues to strengthen. Offered with flexible purchase options (asset or share sale), this is an excellent opportunity for an investor or hands-on operator to step into a recognized business and build on its existing success in one of Northern Ontario’s evolving markets. (id:5706)
Other
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- Property Type:
- Other
- Status:
- for Sale
- Land Size:
- Frontage:122.0000|1/2 - 1 acre
- Water:
- Municipal
- Garage/Parking Type:
- Other,Surfaced
- Business Type:
- Accommodation (Hotel/motel)
- Heating Type:
- Boiler
- Front Footage:
- 122
- Listing ID:
- SM260681
Rooms
Dimensions
Brokered by:
Exit Realty True North
Source: CREA
Presented By: