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$4,200,000
Available - For Sale
Listing ID: T12751848
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.
Price $4,200,000
Taxes: $64,649
Tax Type: Annual
Occupancy by: Owner
Address: 50 - 52 Highway 11 N/A South , Cochrane, P0L 1C0, Cochrane
Postal Code: P0L 1C0
Province/State: Cochrane
Directions/Cross Streets: Highway 11 at Cochrane junction
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Category: With Property
Use: Hotel/Motel/Inn
Building Percentage: T
Total Area: 6.04
Total Area Code:  Acres
Retail Area Code: Sq Ft
Area Influences: Major Highway  
Business/Building Name: Travel Inn Cochrane
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 24 hour
Employees #: 4
Seats: 60
Maintenance: 0
Outside Storage: T
Heat Type: Gas Hot Water
Central Air Conditioning: Yes
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CENTURY 21 PEOPLE`S CHOICE REALTY INC.

50 - 52 Highway 11 N/A South , Cochrane, P0L 1C0, Cochrane

Personal Picture
Paulette Zander
Sales Representatives
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416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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Type: Com - Sale Of Business
Area: Cochrane
Municipality: Cochrane
Neighbourhood: Cochrane
Style:
Lot Size: x 525.08(Feet)
Approximate Age:
Tax: $64,649
Maintenance Fee: $0
Beds: 0
Baths: 48
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908