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Anu Khullar - RE/MAX River City
282 Calgary Trail NW, Edmonton, Alberta
P: 780-439-7000
F: 866-293-5424
Email

Thanks for viewing this Preferred Property below. If you have any questions or would like to schedule a viewing, please feel free to call our office at 780-701-2626 and ask for Anu Khullar or John Carter. Toll free is 1-877-417-2626 or email by clicking on the envelope logo on the left of the photos on the listing.

Courtesy of Judith Rimmer of RE/MAX Excellence.
Data was last updated 2024-11-29 at 19:19:08 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.
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

VIP-Only Information

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This property is listed by Judith Rimmer of RE/MAX Excellence and provided here courtesy of Anu Khullar. For more information or to schedule a viewing please contact Anu Khullar.
Anu Khullar
RE/MAX River City
Phone: 780-439-7000
Inquire Via Email
Data is deemed reliable but is not guaranteed accurate by the REALTORS® Association of Edmonton.
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Data last Updated: 2024-11-29 at 19:19:08 GMT America/Edmonton
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