Courtesy Of Judith Rimmer Of RE/MAX Excellence

4932 Plaza Av, Swan Hills, AB

$499,900

Previous Next

25,406

Square feet

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

OfficeCourtesy Of Judith Rimmer Of RE/MAX Excellence

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?