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5120 49 Street, Innisfail, AB - MLS # CA0161911

5120 49, Innisfail, AB T4G 1L9

Quick Summary

Price
$799,900
Type:
Commercial
Sub Type:
Business
Title:
5120 49 Street
Possession:
60 Days / Neg
Tax Amount:
4319 / 2019

Lot Summary

Lot Width:
220
Lot Depth:
125
Lot Units:
27500 Sq Ft
Lot Shape:
Standard
Sewer:
Municipal
Water Source:
Municipal

Geographical Summary

Access:
Direct Access,Road - Paved

Building Summary

Year Build:
1924
Construction Material:
Brick,Frame - Wood,Mixed
Foundation Details:
Concrete
Roofing:
Mixed
Utilities:
Municipal Water,Natural Gas,Power
Heating:
Boiler,Mixed,Natural Gas

Property Description

County / Parish: Red Deer County, Alberta
Zoning: Commercial

INNISFAIL HOTEL ( The Z00 ) Long established Hotel consisting of a large 200-270 seat Tavern (depending if 2nd Entrance is open) including a large Games area, Stage/entertainment Area, Special Venue Area, Gov’t controlled V.L.T’s & a popular Liquor Store with a large walk in cooler & a storage area with office, a full Kitchen ready to open with a remodeled Dining area with a separate entrance, and will also serve Hotel patrons (Owner doing this at this time) and a spacious outside deck. Existing corner lot #3 is also included (separate title). Upstairs are 5 suites and 5 rooms rented out monthly. Good upgrades ongoing. **INCOME** FIVE SUITES (Very nice revenue), **INCOME** FIVE ROOMS with extras (microwave/stove/living area. **INCOME** 4 V.L.T.s with potential for a fifth. PLUS **INCOME** of Liquor Store, PLUS **INCOME ** of Tavern, PLUS **INCOME ** of Future kitchen service to Tavern and Dining Area. and PLUS ** INCOME** of extra rooms (FIVE MORE} upstairs that can be renovated, PLUS Parking lot potential to build another Commercial venture separate from the Hotel. There is also a large Basement Storage Area available, and the list goes on. ” JOIN THE PROFITEERS.” NOTE : PRICE PLUS LIQUOR STOCK. Hotel includes 60 security cameras set up on 3 monitors, an up to date PO computer system that records all sales precise for the Tavern, Liquor Store and Kitchen giving you full control of product, consumption and sales. Also a new $ 6,000 Entertainment Screen Center for the Special Venue room. There are 2 full time and 5 part time staff. For full income details , the owner is requesting that the buyer sign a Confidentiality Agreement. Limited viewings of OCCUPIED suites/rooms without an offer or deposit in place. This is for tenants reasonable rights. Pictures of suites not available for tenants rights. This Hotel is making $$$.

Listed By RE/MAX Compass

Walk Score

Agent on Duty


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