Multi-Revenue Hospitality & Commercial Investment Opportunity
$2,200,000
12704 120 Street Northwest, Edmonton, AB T5V 5N5, Canada
1 acres
Lot Area
Details:
Description:
A unique opportunity to acquire an established hospitality property with multiple income streams, significant land, and substantial upside potential.
Built in 1941 and situated on over one acre of land, Dover Hotel offers a compelling combination of hospitality, entertainment, retail, and development potential. The property currently benefits from several established revenue sources, while additional opportunities exist to increase income and unlock the value of the property.
KEY INVESTMENT HIGHLIGHTS
Over 1 acre of land providing flexibility for future use and development
22 guest rooms, with 12 currently operational
Opportunity to bring additional guest rooms into operation following required electrical-system upgrades
30 VLTs, providing an established entertainment revenue stream
Lounge and Restaurant providing food, beverage, and hospitality revenue
Liquor Store providing an additional retail revenue stream
Convenience Store serving local customers and hotel patrons
ATM income providing supplementary revenue
Hotel room rentals adding accommodation revenue
Three lots that could potentially be sold separately, providing an opportunity to generate additional capital
No asbestos in the building, potentially simplifying future renovation and upgrading work
Documents:
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Location
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