This property is listed by Judith Rimmer of RE/MAX Excellence.
Data was last updated 2024-11-26 at 14:41:41 GMT
$499,900

4932 Plaza AV   Swan Hills, AB

MLS®: E4372775
URL:    
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
Building Type:
Freestanding, Commercial Mix, See Private Remarks

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Location


Anu Khullar
RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
Office: 780-439-7000
Fax: 866-293-5424
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.