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$999,000
Est. payment /mo
4,270 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 4,270 sqft
Price per Sqft $233
MLS Listing ID A2352131
Year Built 1970
Property Sub-Type Hotel/Motel
Property Description
An excellent opportunity to acquire an established and profitable restaurant and bar operation,along with two separate commercial properties in a rural Alberta community. The offering includes an operating restaurant and bar with 7 VLTs,a patio,a commercial kitchen,and additional income streams,as well as a separate residential building containing a 3-bedroom suite.
The operating property consists of approximately 4,530 sq. ft. on a large commercial lot. The business generates established sales and strong owner-operator cash flow,presenting an attractive opportunity for an individual,family partnership,or experienced hospitality operator.
A second,separately titled property includes an approximately 4,270 sq. ft. former motel on a large highway-frontage site. The current owners have invested significantly in renovating the motel,which is nearly complete. While currently non-operational,it offers substantial value-add potential for a buyer looking to reactivate the property or explore alternative uses,subject to municipal approval.
Commercial zoning provides flexibility for a variety of uses,including a hotel,motel,restaurant,drinking establishment,retail,office,liquor store,self-storage,and other commercial applications.
The seller is prepared to provide transition assistance and operational training if required. Additional details—including location,financial statements,property information,and business operations—will be provided to qualified buyers upon execution of a Non-Disclosure Agreement (NDA).
Please do not approach the business,staff,or customers directly.
The operating property consists of approximately 4,530 sq. ft. on a large commercial lot. The business generates established sales and strong owner-operator cash flow,presenting an attractive opportunity for an individual,family partnership,or experienced hospitality operator.
A second,separately titled property includes an approximately 4,270 sq. ft. former motel on a large highway-frontage site. The current owners have invested significantly in renovating the motel,which is nearly complete. While currently non-operational,it offers substantial value-add potential for a buyer looking to reactivate the property or explore alternative uses,subject to municipal approval.
Commercial zoning provides flexibility for a variety of uses,including a hotel,motel,restaurant,drinking establishment,retail,office,liquor store,self-storage,and other commercial applications.
The seller is prepared to provide transition assistance and operational training if required. Additional details—including location,financial statements,property information,and business operations—will be provided to qualified buyers upon execution of a Non-Disclosure Agreement (NDA).
Please do not approach the business,staff,or customers directly.
Location
State AB
County Sa4
Zoning C-2,C-1
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions None Known
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Listed by Century 21 Bravo Realty