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$ 3,900,000
Est. payment /mo
Active
50 - 52 Highway 11 N/A S Cochrane, ON P0L 1C0
48 Baths
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Cochrane
MLS Listing ID T12751848
Annual Tax Amount $64,649
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
Price to Sell: Well maintained and upgraded 43 Room Motel (Travel Inn) & Restaurant (241 Pizza franchise) + 2 Apartments for the owner/manager or staff to stay. Total Area 6 Acres of commercial zoned land, great potential for future development. Huge parking lot, most of the worker groups working in different projects prefers this location, eat-drink and sleep at one stop. Property is well situated facing right on Trans-Canada Highway 11 with 500 feet frontage in the growing town of Cochrane which is right in the mid-way of Toronto and Thunder Bay. Year-round profitable business, Snowmobile trail is passing through the property (equally busy in the winter months). Current owner has been successfully managing this property since 2019 as an Absentee Owner, an employees run both businesses and both are profitable with the future potential to grow even more for the right buyer/owner operator to add another food franchise beside the 241 Pizza (set up is ready for Quesada or Burrito) Great repeat customer base of tourists, workers, contractors, hunters, snowmobilers etc. and Evacuees group come through the city due to flood, fire, storm etc. in there villages up in northern Ontario. Cochrane town is fast developing with many new businesses established in past few years AND new Mining Projects around Cochrane are expected Production is targeted to begin by 2027, with construction potentially breaking ground in 2026, The project is expected to employ up to 1,000-2,000 people and operate for over 40 years (check news on google) Excellent future potentials for the new buyer.
Location
State ON
County Cochrane
Area Cochrane
Zoning Commercial - Motel - Prop Code 450
Interior
Cooling Yes
Exterior
Parking Features Outside/Surface
Community Features Major Highway
Utilities Available Available
Building
Lot Description Lot
Lited by CENTURY 21 PEOPLE`S CHOICE REALTY INC.
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