50 - 52 Highway 11 S
Cochrane
Cochrane
P0L 1C0
$4,500,000 /For Sale
Commercial
- Status:
- Active
- Prop. Type:
- Commercial
- MLS® Num:
- T12140454
- Bus Major:
- Hotel/Motel/Inn
- Photos (42)
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Priced to sell, Motel and Restaurant businesses with land - A well maintained 43 ROOM MOTEL with 2 Apartments for the Owner/Manager & Staff to stay. Additionally, the property has a Restaurant (established 2 4 1 PIZZA with Liquor licence + extra space for adding another food franchise - used to have Quesada in the past) Total Area 6 ACRES, great potential for future development. 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). Cochrane town is fast developing with many new businesses established in past few years. Current owners have been successfully managing this property since 2019. Great repeat customer base of tourists, workers, contractors, hunters, snowmobilers etc. and Evacuees through City due to flood, fire, storm etc. Employees run both businesses and both are profitable with the future potential to grow even more profit for the right buyer to add another food franchise beside the 2 4 1 Pizza. The motel was operating as Thriftlodge franchise until 2024. ***** OPTION for the BUYERS: The buyer can ONLY buy a Separate Restaurant Building along with existing 2 4 1 Pizza and 3 attached kitchenette Motel Rooms (see pictures) at a reasonable market price. Then the seller will sell remaining 40 Room Motel to another buyer by severance the land parcel.
- Property Type:
- Commercial
- Property Sub Type:
- Investment
- Freestanding:
- Yes
- Total Area:
- 263102 sq. ft. Acres
- Total Area:
- 6.04 acre(s)2.44 hectare(s)
- Depth:
- 525'1"160 m
- Frontage:
- 499'11"152 m
- Lot Shape:
- Rectangular
- Bathrooms:
- 48.0
- Water supply:
- Municipal
- Zoning:
- Commercial - Motel - Prop Code 450
- Heating type:
- Gas Hot Water
- Garage:
- Outside/Surface
- Possession Details:
- 30-60 DAYS
- HST Applicable To Sale Price:
- Included In
- Type Taxes:
- Annual
- Taxes:
- $59,952 / 2024
- Assessment:
- $- / -
- Cochrane
- Cochrane
- Cochrane
- Major Highway
- A full list of chattels and equipment included will be provided during the conditional period of the offer.
- Utilities:
- Yes
- Air Conditioning:
- Yes
- Seller Property Info Statement:
- No
- Business/Building Name:
- TRAVEL INN COCHRANE
- Major Business Type:
- Hotel/Motel/Inn
- Category:
- Accommodation
- Days Open:
- Open 7 Days
- Hours Open:
- 24 hours
- Employees:
- 4
- LLBO:
- Yes
- Outside Storage:
- Yes
- Seats:
- 60
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Listed by CENTURY 21 PEOPLE`S CHOICE REALTY INC.
Data was last updated June 6, 2025 at 06:15 AM (UTC)
- ANDREW JOHN COCKS
- COCKS INTERNATIONAL REALTY INC., BROKERAGE
- 1-705-380-3166
- info@cocksrealty.ca
- LAURA BLAKEY
- COCKS INTERNATIONAL REALTY INC., BROKERAGE
- 705-349-8060
- laura@cocksrealty.ca
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