Well-maintained 24-room motel located in Wainwright, offering stable cash flow and a semi-absentee ownership structure. The property generates approximately $341,000 in annual revenue with an estimated NOI of ~$139,000, providing an attractive return for investors. The motel features a strong mix of clientele including work crews, healthcare professionals, railway personnel, and general travelers, with approximately 50% of occupancy from long-term stays, ensuring consistent and predictable income. Fully renovated in 2016, the property is in turn-key condition with minimal immediate capital expenditure required. A new hot water tank was installed in 2025. The business is currently operated by an on-site manager couple, making it an ideal opportunity for investors seeking a passive or semi-passive income stream. The property includes a manager's suite attached to the front office for efficient operations. Situated on a 1.5-acre site, the property offers additional upside potential for future expansion or redevelopment. Excellent opportunity to acquire a stable hospitality asset in a resilient regional market.
Listed by Simon Choi of RE/MAX Complete Realty

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Property Details of 601 12 Avenue

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 Based on information submitted to Pillar 9 as of May 29, 2026 2:16 PM EDT. All data is deemed reliable but is not guaranteed accurate by the MLS. All information should be independently reviewed and verified for accuracy. IDX information is provided exclusively for consumers’ personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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