$ 499,900
4932 Plaza AV Swan Hills, AB T0G 2C0
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$ 499,900
Est. payment | /mo
25,406 SqFt
$ 499,900
Est. payment | /mo
25,406 SqFt
Key Details
Property Type Commercial
Sub Type Business with Property
Listing Status Active
Purchase Type for sale
Square Footage 25,406 sqft
Price per Sqft $19
MLS® Listing ID E4372775
Year Built 1963
Property Description
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.
Location
Province AB
Community Swan Hills
Area Big Lakes
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Listed by Judith Rimmer • RE/MAX Excellence