4932 Plaza Av Swan Hills, Alberta T0G 2C0
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Judith A. Rimmer
Associate
(780) 481-1144
$499,900
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. (id:43352)
Business
| Business Type | Accommodation |
| Business Sub Type | Hotel/motel |
Property Details
| MLS® Number | E4372775 |
| Property Type | Business |
| Neigbourhood | Swan Hills |
Building
| Constructed Date | 1963 |
| Size Interior | 25406 Sqft |
Land
| Acreage | No |
| Size Irregular | 41382 |
| Size Total | 41382 Sqft |
| Size Total Text | 41382 Sqft |
https://www.realtor.ca/real-estate/26502631/4932-plaza-av-swan-hills-swan-hills
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REALTORS® Association of Edmonton
RE/MAX Excellence
March 29 2024 10:46:01
