4927 50 Avenue, Lacombe

$699,000

0 Beds
0 Baths
14,287 Sqft
0 Acres
0 Garages

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.

Essential Information
MLS® #CA0148810
Price$699,000
Bathrooms0.00
Square Footage14,287
Acres0.00
Year Built1932
TypeCommercial
Sub-TypeBuilding
StatusActive
Community Information
Address4927 50 Avenue
CityLacombe
CountyLacombe County
ProvinceAB
Postal CodeT4L 1H4
Amenities
UtilitiesService - Full
Interior
HeatingBoiler, Electricity
Has BasementYes
Exterior
RoofTorch On
FoundationPartial Basement
Additional Information
ZoningC1
Office

RE/MAX real estate central alberta - Lacombe

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