4924 Plaza Avenue

For Sale

4924 Plaza Avenue, Swan Hills, AB T0G 2C0

This Swan Hills property for sale is located at 4924 Plaza Avenue. The current listed sale price for 4924 Plaza Avenue is $499,000. 4924 Plaza Avenue is situated on a lot that is 0.95 acre in size.

Contacts

broker

Judith Rimmer

ReMax Excellence

Property Details

  • Property Type Retail
  • Property Size 25,406 SF
  • Lot Size 0.95 Acre
  • Additional Rent Contact for pricing
  • Date Updated Oct 11, 2024

Tavern: 4,470 Square Feet - Seating Capacity 162 Liquor Store (off Main Entrance): 400 Square Feet

Hotel (Main Floor Incl. Liquor Store): 5,760 Square Feet

18 Rooms Upper Level: 5,760 Square Feet - Currently Not operating Restaurant & Lounge: 5,724 Square Feet - Currently Not Operating Vacant Space: 3,692 Square Feet - Has Bank Vault

Swan Hills Hotel (8 VLT's); Liquor Store; 18 rooms; Restaurant; Lounge plus 3692 sq.ft. area to lease. Seller currently operates the Hotel (Bar area) and liquor Store. The Lounge, Restaurant, and remaining space have been vacant for over 6 years. Renting the 18 rooms stopped 2 years ago. Previous operation of the entire 25,460 sq.ft. had gross income over $1.5 million. Bar and Liquor Store are profitable. Bar seats over 160 people; Pool tables; Dart area; Band area. Food intake is contracted out to another restaurant. The building occupies almost an acre of land (0.95 acres) but will require extensive rennovations for a portion of the roof; and interior upgrades. The Seller is will carry 1st mortgage with 30%-35% down payment; 5 year term; 5% interest ammortized over 20 years. This will enable a Buyer to pay for the rennovations; leasing or operating restaurant and remaining area of the building. Inventory is approximately $200,000 which can be reduced in value if required.

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Attachments

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Location

  • City Swan Hills, AB
  • Neighborhood Swan Hills
  • Postal Code T0G 2C0
  • Market Canada

Points of Interest

  • Husky

    0.48 miles

  • Esso

    0.64 miles

  • Burger Baron

    0.04 miles

  • Sammy's Restraunt

    0.10 miles

  • Subway

    0.68 miles

  • Super A

    0.13 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Judith Rimmer

ReMax Excellence