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Motel for sale

Virginia, Minnesota (Lake County)

Services - Hotels & Other Lodging

Asking Price $750,000 Inventory  
Gross Income Not Disclosed Real Estate  
Cash Flow Not Disclosed Year Established 1975
FF&E N/A Employees N/A

* included in the asking price

** not included in the asking price

Bank sale ,only $750,000, less than $5,500 each room. Renovation cost will be approx $500,000 -$700,000 to finish completely. The existing lender will provide its financing. 10.71 acres lanf. Two story concrete and steel truss frame. near Virginia, Minnesota. The port of Duluth on lake superior to International Falls, Voyageur's National park, which is a vacation destination for campers, canoer's Kayakers, hikers and outdoor enthusiasts. The last main stop leading to northbound towards Canada border. Good oppertunity. Hurry up. $750,000 cash for 144U motel. Former franchise flag .

Facilities: 144 rooms motel

Competition: Yes

Growth/Expansion: Great potential

Support/Training: N/a

Reason Selling: Bank sale

Business For Sale By

Joseph Kim

213-272-6726

ERA New Star Realty

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