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Home AB Slave Lake
112 12 Avenue SW
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112 12 Avenue SW $9,500,000
$9,500,000
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112 12 Avenue SW
Slave Lake, Alberta T0G2A0

MLS® Number: A2172972

Listing Description

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 (29724528)

Property Summary

Property Type
Business
Land Size
2.42 ac|2 - 4.99 acres
Built in
2008
Annual Property Taxes
$47,441.28
Time on REALTOR.ca
32 days

Building

Business
Business Type
Accommodation (Hotel/motel)

Measurements

Square Footage
42500 sqft
Total Finished Area
42500 sqft
Exterior Building Size
42500 sqft

Land

Other Property Information
Zoning Description
C 1 Central Commercial District
Data provided by: Pillar 9™
Francis C. Lee