4932 Plaza AV
Swan Hills
Update on 2023-07-04 10:05:04 AM
$ 499,900
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1963
YEAR BUILT
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.
COMMUNITY | |
TYPE | Commercial |
STYLE | |
YEAR BUILT | 1963 |
SQUARE FOOTAGE |
BEDROOMS | |
BATHROOMS | |
BASEMENT | |
FEATURES |
GARAGE | No |
PARKING | |
ROOF | |
LOT SQFT | 0 |
ROOMS | DIMENSIONS (m) | LEVEL |
---|---|---|
Master Bedroom | ||
Second Bedroom | ||
Third Bedroom | ||
Dining Room | ||
Family Room | ||
Kitchen | ||
Living Room |
INTERIOR
EXTERIOR
Broker
RE/MAX Excellence
Agent
Judith A Rimmer