$499,900
4932 Plaza AV Swan Hills, AB T0G 2C0
16
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$499,900
Est. payment /mo
25,406 SqFt
Active
4932 Plaza AV Swan Hills, AB T0G 2C0
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
Copyright 2024 by the REALTORS® Association of Edmonton. All rights reserved.
Listed by Judith Rimmer • RE/MAX Excellence
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