$9,500,000.00 42,500 Sq.ft

112 12 Avenue SW, Slave Lake. T0G 2A0

Description

Three story limit service 89 room wood frame hotel that used to be NOVA Hotel and converted as Big Lake Inn from 2012 . . Slave Lake has the third largest population base of any Alberta municipality north of Edmonton. Its economy has been driven throughout the past three decades by the Oil& Gas and Forest industries. In a continuing effort to diversify the economy, Slave Lake is encouraging increases in the tourism, manufacturing, and value-added sectors. In addition, Slave Lake is further evolving into an even greater regional service centre, with additional retail, education, health, financial, government, and transportation services. Enterprising men and women recognize the almost unlimited potential for growth and spin-off business in the primary industries of petroleum and forestry, along with burgeoning activity in tourism. REVENUE(Yearend December 31 ) 2022 : $1,975,869, 2023 : $2,856,40, 2024 till September: $2,040,349 NET OPERATING INCOME 2022: $931,975, 2023: $1,641,247

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2172972
City:Slave Lake
Neighbourhood:NONE
Province:Alberta
Building/Unit Size: 42,500 sq.ft
Land Size:2.42 Acre
Listing Price:$9,500,000.00
Lease Rate: $0.00
Business Type: Hotel/Motel Hotel/Motel
Property Subtype:Hotel/Motel
Transaction Type:For Sale
Land Use Code:C 1 Central Commercial Di
Listing Contract Date:2024-10-17

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "MaxWell Canyon Creek" listing brokerage.

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