A 37-room motel (Lively Inn & Suites Motel), together with three stable tenants, generates a fixed gross monthly rental income of $13,300 from a restaurant, dog-training facility, and convenience store. The property sits on a 3.14-acre, C2-zoned corner lot, offering exceptional visibility, easy access, and a prime opportunity for high-traffic commercial or mixed-use development on its surplus land.Currently zoned Highway Commercial (C2 R1-5) and comprising three separate lots with individual PINs (including two lots fronting Old Soo Road), the site supports a wide range of development possibilities such as a plaza, gas station, or additional commercial structures.This property is ideal for an investor seeking both immediate income and long-term development potential, with zoning that accommodates numerous commercial projects or future expansions to the existing motel operation. (id:60365)
| BusinessType | Accommodation |
| BusinessSubType | Motel |
| Name | Lively Inn and Suites |
| MLS® Number | X13008636 |
| Property Type | Business |
| Community Name | Sudbury |
| EquipmentType | Water Heater |
| RentalEquipmentType | Water Heater |
| CoolingType | Fully Air Conditioned |
| HeatingType | Baseboard Heaters |
| SizeInterior | 3 Ac |
| UtilityWater | Municipal Water |
| Acreage | Yes |
| SizeFrontage | 129 Ft ,2 In |
| SizeIrregular | 3.14 |
| SizeTotal | 3.14 Ac |
| SizeTotalText | 3.14 Ac |
| ZoningDescription | C2 R1-5 |
https://www.realtor.ca/real-estate/29616291/450-regional-road-55-greater-sudbury-sudbury-sudbury
Daxesh Patel
Broker