112 12 Avenue Sw, Slave Lake, Alberta

$9,500,000

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2.42

Acres

About 112 12 Avenue Sw

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

Features of 112 12 Avenue Sw

MLS® # A2172972
Price $9,500,000
Bathrooms 0.00
Acres 2.42
Year Built 2008
Type Commercial
Sub-Type Hotel/Motel
Status Active

Community Information

Address 112 12 Avenue Sw
Subdivision NONE
City Slave Lake
County Lesser Slave River No. 124, M.D. of
Province Alberta
Postal Code T0G 2A0

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed October 17th, 2024
Days on Market 74
Zoning C 1 Central Commercial Di
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMaxWell Canyon Creek

Listing Map