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$ 4,300,000
Est. payment /mo
Active
Blackfalds, AB
18,805 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 18,805 sqft
Price per Sqft $228
MLS Listing ID A2290919
Year Built 1958
Property Sub-Type Hotel/Motel
Property Description
Prime income-generating property offered at $4.3 M,featuring 32 GUEST ROOMS,21 VLTs,a FULL-SERVICE BAR,LIQUOR STORE,and TWO LEASED RESTAURANT spaces. This well-established operation delivers approximately $2M in ANNUAL REVENUE,with multiple diversified income streams.
Recent upgrades include approximately $2 MILLION IN RENOVATIONS (2020),with significant improvements to guest rooms including NEW WASHROOM AND SEPARATE HAVC SYSTEMS,enhancing operational efficiency and guest experience. Situated on 0.6 acres,the building spans 25,392 sq. ft.,including a 11,377 sq. ft. main floor and 6,587 sq. ft. basement,allowing for efficient operations and future potential.
Owned and successfully operated by the same owner for over 20 years,this is a rare,stable,and profitable investment with proven performance.
An ideal opportunity for investors seeking a high-cash-flow asset with diversified revenue streams and strong upside potential.
Recent upgrades include approximately $2 MILLION IN RENOVATIONS (2020),with significant improvements to guest rooms including NEW WASHROOM AND SEPARATE HAVC SYSTEMS,enhancing operational efficiency and guest experience. Situated on 0.6 acres,the building spans 25,392 sq. ft.,including a 11,377 sq. ft. main floor and 6,587 sq. ft. basement,allowing for efficient operations and future potential.
Owned and successfully operated by the same owner for over 20 years,this is a rare,stable,and profitable investment with proven performance.
An ideal opportunity for investors seeking a high-cash-flow asset with diversified revenue streams and strong upside potential.
Location
Province AB
Zoning Commercial
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions None Known
Listed by CIR Realty