112 12 Avenue Sw, Slave Lake, Alberta T0G 2A0

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$9,500,000

Highlights

$9,500,000

Price

42500 sqft

Lot

For sale

Status

A2172972

MLS® ID

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 : $2,737,938 NET OPERATING INCOME 2022: $931,975, 2023: $1,641,247 (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2172972
    • Price $9,500,000
    • Square Footage: 42500 sqft
    • Plan 8722073

    Business

    Business Type Accommodation Business Sub Type Hotel/motel

    Buildings

    Constructed Date 2008 Size Exterior 42500 Sqft
    Size Interior 42500 Sqft Total Finished Area 42500 Sqft

    Land

    Acreage Yes Size Irregular 2.42
    Size Total 2.42 Ac|2 - 4.99 Acres Size Total Text 2.42 Ac|2 - 4.99 Acres
    Zoning Description C 1 Central Commercial District

    Agents and Offices

    • Francis C. Lee
    • Office: Maxwell Canyon Creek

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