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4932 Plaza AVe

Swan Hills, AB, T0G2C0

Listed by RE/MAX Excellence

$399,900

Listed 281 days ago · MLS® 44151176

About this home

Swan Hills Hotel ( with 8 VLTs); 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. 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 VLTs; seats over 160 people; Pool tables; Dart area; band area. The building occupies almost an acre of land (.95 acres). Building requires extensive renovations including replacing of roof, 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. (id:66966)

Details

Type
Hospitality
Municipality
Swan Hills

Interior

Fireplace
No

Location

Location is approximate. See nearby homes on the map

Listed by RE/MAX Excellence.

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