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4927 50 Avenue, Lacombe, AB - MLS # CA0148810

4927 50, Lacombe, AB T4L 1H4

Quick Summary

Price
$849,000
Type:
Commercial
Sub Type:
Building
Title:
4927 50 Avenue
Possession:
30 Days / Neg
Tax Amount:
10147 / 2018

Lot Summary

Lot Shape:
Standard

Building Summary

Year Build:
1932
Foundation Details:
Partial Basement
Roofing:
Torch On
Utilities:
Service - Full
Heating:
Boiler,Electricity
Area Above:
14287 sq ft

Property Description

County / Parish: Lacombe County, Alberta
Zoning: C1

Get ready to own a property in the heart of downtown Lacombe-this building is the home to the Lacombe Hotel, sushi restaurant,a liquor store & 21 rooms on the second & third floors. The present owner will lease back the liquor store & restaurant if potential buyer is interested or the potential buyer can assume all the existing space that house these businesses. 60% of the rooms are rented out presently – laundry facilities are available to the tenants as well. Room rents vary between $500-900 per month-some units are equipped with kitchenettes. Tenants are month to month leases. Half the hotel is heated with a boiler and the other half is electric heat. The basement is concrete with a dirt floor. Torch down roof was done this year. There is a lot of potential in this prime piece of real estate – great exposure on three streets – Hwy 2A, Hwy 12 and 49 Street. The building sits entirely on the land-public parking is on street and to the parking lot to the east which are City owned.

Listed By RE/MAX real estate central alberta - Lacombe

Map

Walk Score

Agent on Duty


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