Listing Details

Property for Sale

Courtesy of Judith Rimmer of RE/MAX Excellence

Property For Sale In Big Lakes

Property for Sale, MLS® # 44151176

Swan Hills Hotel ( with 8 VLTs); 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. 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 VLTs; seats over 160 people; Pool tables; Dart area; band area. The building occupies almost an acre of land (.95 acres). Building requires extensive renovations including replacing of roof, 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.

Contact Larry Ipsum About MLS® 44151176

Required Field

Larry Ipsum, 780-425-6270 at Redman Tech Commercial Realty, 10172 108 Street, Edmonton, Alberta, T5J 1L3

property information

  • MLS®#: 44151176
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Community Information

  • City: Big Lakes
  • Postal Code: T0G 2C0
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$499,900

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