Property Details

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Blackfalds (A2290919)

$4,300,000
18,805 ft²

Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

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.

Property details

Basic Info

MLS® #
A2290919
Property Type:
Commercial
Subtype:
Hotel/Motel
Subdivision:
Blackfalds
Price
$4,300,000
Sale/Lease:
For Sale
Size:
18,805 sq.ft.
Year Built:
1958 (68 years old)

Building Info

Structure Type:
Hotel/Motel
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Zoning:
Commercial

Business Info

Business Type:
Bar/Tavern/Lounge,Hotel/Motel ,Liquor Store ,Restaurant

Listing Info

Possession:
Negotiable
Days on Market:
8
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Grassroots Realty Group Ltd.
1-833-477-6687

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