$849,000 FOR SALE

Business for Sale

Hotel/Motel/Inn

Total Area: 5,400 ft2

5140 51 Av
Wabamun, AB T0E 2K0

Small-town retro 10 room hotel For sale. Just 40 minutes west of Edmonton. This unique property offers a nostalgic journey back to the vibrant spirit of the 1960s, while also being perfectly positioned in a community that is experiencing remarkable growth. This long established business generates reliable consistent sales with an opportunity for much more! Several income streams here, VLTs (2 more coming) Restaurant is on a monthly lease, room rental income and of course the Tavern. The hotel is looking for a new owner who can capture the growth of the community, and offer a cool lakefront experience. The Village of Wabamun has seen the introduction of new business' moving into town, as well as vacation property occupants and permanent residents moving in to get away from the hustle and bustle of the city. Theres lots a new owner can do here to get this to the next level. The building has been well maintained and is of solid construction, with good bones, just needs a facelift (id:47423)

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Listed By Century 21 All Stars Realty Ltd
Data Provided By REALTORS® Association of Edmonton
MLS® Listing Number E4355726
Last Updated Mar 20, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Hotel/Motel/Inn
Franchise Non-Franchise
Neighbourhood Wabamun
Price History
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Detailed Information
Total Area 5,400 ft2
Features Corner Site, Lane
Listing Contract Date 2023-08-25
Municipal ID 4300141
Property Type Business
Transaction Type For sale
Business
Business Type Accommodation
Business Subtype Hotel/motel
Building
Constructed Date 1962
Land
Total Size 16240 square feet
Size of Irregular Land 16240
External Links

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