Courtesy Of Judith Rimmer Of RE/MAX Excellence
About 4932 Plaza Av
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.
Features of 4932 Plaza Av
| MLS® # | E4372775 |
|---|---|
| Price | $499,900 |
| Square Footage | 25,406 |
| Acres | 0.00 |
| Year Built | 1963 |
| Type | Business with Property |
| Sub-Type | Accommodation/Travel and Tourism |
| Style | Hotel/Motel |
Community Information
| Address | 4932 Plaza Av |
|---|---|
| Area | Big Lakes |
| Subdivision | Swan Hills |
| City | Swan Hills |
| Province | AB |
| Postal Code | T0G 2C0 |
Amenities
| Is Waterfront | No |
|---|---|
| Has Pool | No |
Interior
| Fireplace | No |
|---|---|
| Has Basement | No |
Exterior
| Construction | Concrete Block |
|---|
Additional Information
| Date Listed | February 7th, 2024 |
|---|---|
| RE / Bank Owned | No |
Listing Details
| Office | Courtesy Of Judith Rimmer Of RE/MAX Excellence |
|---|