112 12 Avenue SW

Hotel/Motel For Sale in Other, Slave Lake

$9,500,000
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
Address 112 12 Avenue SW
List Price $9,500,000
Property Type Commercial
Type of Dwelling Hotel/Motel
Area Slave Lake
Sub-Area Other
Lot Size 105415 Sq. Ft.
Year Built 2008
MLS® Number A2172972
Listing Brokerage MaxWell Canyon Creek
Postal Code T0G 2A0
Zoning C 1 Central Commercial Di

Request More Info or a Showing

Donna & Ryan Houston

eXp Realty Canada Inc.

Mobile: 403-688-0388

Office: 403.688.0530

Email Directly