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Courtesy of Judith Rimmer of RE/MAX Excellence.
Data was last updated 2024-05-18 at 04:14:19 GMT
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.
Listing Information
- Prop. Type:
- Business with Property
- Status:
- Active
- City:
- Swan Hills
- MLS® Number:
- E4372775
- Neighbourhood:
- Swan Hills
- Area:
- Big Lakes
- Province:
- AB
- Listing Price:
- $499,900
General Information
- Year Built:
- 1963
- Zoning/Land Use Code:
- For Sale
- Region:
- Big Lakes
Additional Information
- Plan:
- 2462NY
- Legal Block:
- 14
- Legal Lot/Unit:
- 11
Other Information
- Land Size Hectares:
- 0
- Major Business Type:
- Accommodation/Travel and Tourism
- Zoning/Land Use:
- CT
- Building Type:
- Freestanding, Commercial Mix, See Private Remarks
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This property is listed by Judith Rimmer of RE/MAX Excellence and provided here courtesy of
Kyle Rossiter.
For more information or to schedule a viewing please contact Kyle Rossiter.
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.