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Swan Hills Hotel ( with 8 VLT's); Liquor Store; 18 Rooms on Upper Level; Restaurant; Lounge and additional 3692 sq ft area to lease out. Seller is currently only operating the Hotel (Bar Area) and the liquor Store. The lounge; Restaurant; and remaining space have been vacant for over 8 years. The Seller stopped renting out the 18 rooms 2 years ago. Previous operation of the entire 25,460 sq.ft building the gross income was over $1.5 Million Bar and Liquor Store are profitable. Bar has 8 VLT's; seats over 160 people; Pool tables; Dart area; band area. The building occupies almost an acre of land (.95 acres) but will require extensive renovations for a portion of the roof , and interior upgrades. Building requires extensive renovations including replacing of roof, removal of mould...building/land priced accordingly. The Seller is willing to carry a 1st mortgage (to qualified Buyer) with 30%-35% down payment; 5 year Term; at 5% interest amortized over 20 years.
Property Type:
Business with Property
Transaction Type:
For Sale
Lease Oper Costs Per Sq M:
$0
Major Bus Type:
Accommodation/Travel and Tourism
Minor Bus Type:
Hotel/Motel
Price Per SqFt:
$19.68
Lot Area:
41,382 sq. ft.3,845 m2
# of Units:
0
Year built:
1963
(Age: 61)
Bathrooms:
-
(Full:-/Half:-)
Building Type:
Freestanding, Commercial Mix, See Private Remarks
Num. of Parcels:
1
Construction:
Block
Swan Hills
Private
Seller Rights Reserved:
No
Zone:
Zone 70
Zoning:
Zone 70
Title to Land:
Fee Simple
Legal Lot:
11
LINC Number:
0016422321
Days On Website:
325 day(s)325 day(s)
Data was last updated December 28, 2024 at 03:30 AM (UTC)
Copyright 2024 by the REALTORS® Association of Edmonton. All Rights Reserved.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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