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$ 950,000
Est. payment /mo
Active
5604 4 Avenue Edson, AB T7E1L6
7,301 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 7,301 sqft
Price per Sqft $130
Subdivision Edson
MLS® Listing ID A2241763
Year Built 1970
Source Central Alberta REALTORS® Association
Property Description
For more information, please click the "More Information" button. Vendor financing available, additional fees may apply. Cash flowing Motel in Edson, AlbertaPresenting the Castle Motel Edson, a well-established, high-performing hospitality property now available for purchase. Located directly on Highway 16, a major route to Jasper National Park, this 16-room motel offers unbeatable visibility, excellent curb appeal, and consistent revenue.The motel features a variety of accommodation options including standard rooms, studio kitchenettes, and one-bedroom kitchenette suites, with half of the inventory comprising full kitchen units, ideal for extended stay guests. Its strategic location places it kitty-corner to Walmart, steps from popular eateries, and directly across from the upcoming Mikes restaurant franchise, further boosting visibility and guest traffic.Consistently popular with long-term guests, the Castle Motel offers ease of operations with minimal staffing needs, strong margins, and a reliable on-site manager available to continue operations if required.Recent upgrades have significantly enhanced the guest experience, leading to strong repeat business and glowing reviews. Currently operated remotely, the business generates $220,000 in annual revenue with an adjusted NOI of $99,000. A hands-on owner-operator living in the onsite 3-bedroom manager's suite could have achieved $140,000+ savings on accommodation expenses.Now ranked 4+ stars online and a top 5 hotel amongst 16 properties in Edson, Castle Motel.Looking ahead, Edson is poised for growth. Two major projects — the $86 million Edson Leisure Centre (now underway) and the $2.8 billion ATCO Yellowhead Pipeline project (starting in early 2026) — are expected to significantly increase demand for local accommodations, providing strong upside potential for occupancy and revenue growth.Additional ups ide: There is room to add a 17th guest suite, with existing plumbing and washroom infrastructure already in place. This is a turnkey, cash-flowing business with flexible management options. It currently requires just 6–8 hours of work per day, making it a fantastic investment for either remote operators or owner-occupiers. Full operational training will be provided by the current owner to ensure a smooth transition.The Castle represents a rare opportunity to acquire a profitable, easy-to-run hospitality asset. Proof of funds is required. Please do not approach staff regarding the sale. (id:24570)
Location
Province AB
Rooms
Kitchen 0.0
Exterior
Parking Features No
View Y/N No
Private Pool No
Listed by Easy List Realty