Active

$4,300,000

MLS® #A2290919

  • 18,805 Sqft
  • Built 1958
  • Business
  • ✓ Spacious Layout

Prime income-generating property offered at $4.3 M, featuring 32 GUEST ROOMS, 21 VLTs, a FULL-SERVICE BAR, LIQUOR STORE, and TWO LEASED RESTAURANT spaces. This well-established operation delivers approximately $2M in ANNUAL REVENUE, with multiple diversified income streams.Recent upgrades include approximately $2 MILLION IN RENOVATIONS (2020), with significant improvements to guest rooms including NEW WASHROOM AND SEPARATE HAVC SYSTEMS, enhancing operational efficiency and guest experience. Situated on 0.6 acres, the building spans 25,392 sq. ft., including a 11,377 sq. ft. main floor and 6,587 sq. ft. basement, allowing for efficient operations and future potential.Owned and successfully operated by the same owner for over 20 years, this is a rare, stable, and profitable investment with proven performance.An ideal opportunity for investors seeking a high-cash-flow asset with diversified revenue streams and strong upside potential. (id:66619)

Features

Interior

18,805 sqft

Year Built

1958

Location

Nearby schools, walkability, and amenity information is not yet available for this listing.

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Contact Kirsten Bernal for more information or to arrange a showing.

Listing data is provided courtesy of the Central Alberta REALTORS® Association (CARA) MLS® System. The information is deemed reliable but not guaranteed accurate.


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