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10105 110 St Fairview, Alberta T0H 0L0

$250,000

The NEW GRAND HOTEL is Selling to Highest Bidder by UNRESERVED Auction 23-Apr-2020. Don't miss this INVESTMENT opportunity with redevelopment potential..3 commercially zoned lots (each 35'x120') in the heart of downtown Fairview... The Grand features a bar, restaurant(currently leased), 21 hotel rooms, 1 bedrm apartment, small retail space & storage/mechanical in basement. The bar is complete with pool table, ATM, dance floor & stage, VLTs. Note Buyer will need to obtain licences to operate tavern & maintain VLT operation. Restaurant includes walk-in cooler & freezer. Hotel rooms are in various states of condition/repair & most use shared bathroom facilities. 8 rooms have insuite bathrms. There is potential to develop upper level into apartments or to redevelop the land, if zoning requirements are met. Opportunities are endless. The list price is only an estimate, the final sale price may be higher or lower & will be determined by the highest bid received on sale day! Showings by Appointment Only. (id:36938)

Property Details

MLS® Number E4187429
Property Type Vacant Land
Neigbourhood Fairview_FAIR
Features See Remarks

Building

Constructed Date 1950
Fireplace Present No

Land

Acreage No
Size Irregular 12414.6
Size Total 12414.6 Sqft
Size Total Text 12414.6 Sqft

https://www.realtor.ca/PropertyDetails.aspx?PropertyId=21565504

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