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$3,500,000
Est. payment /mo
1.12 Acres Lot
UPDATED:
12/18/2024 08:00 PM
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2119409
Year Built 1978
Lot Size 1.120 Acres
Acres 1.12
Lot Dimensions 450.00X95.00
Property Description
The town of Coaldale is an emerging progressive community, and is truly becoming the recreational and commercial Hub for Southern Alberta. Coaldale, with a population of approximately 9000 residents, combines the benefits of small town living with the services and amenities of a larger urban Centre. The Coaldale Inn is situated on highway #3, with great frontage exposure. The Coaldale Inn is a very popular facility and is the place to enjoy yourself in Kcee's pub with 3-VLT's or enjoy the dining experience in Franco's restaurant offering a full menu. This 17-unit Hotel/Motel situated on 1.12 acres of land, provides plenty of parking and potential for expansion. The Coaldale Inn is a combination tavern/restaurant/lounge/motel with over 14,600 square feet is sectioned into three areas of the tavern, central and motel. The 6,095 sq/ft motel area features 17 recently renovated units with full washrooms, newer furnishings, furniture, television and free WIFI. The 4246 sq/ft central area offers the reception office, restaurant (100 seats), kitchen and lounge plus additionally provides access to the guest room area. The 4323 sq/ft newly renovated tavern with seating for 100 patrons, features newer bar with a large garage door leading to an inviting outdoor raised patio. Tavern also provides built-in/ walk-in coolers and utility storage rooms. This completely and recently renovated facility is a must see to fully appreciate the extensive quality improvements that make this a great opportunity for an aggressive entrepreneur.
Location
Province AB
County Lethbridge County
Zoning C-2
Interior
Heating See Remarks
Inclusions See Lister for Equipment List
Exterior
Utilities Available Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available
Roof Type Tar/Gravel
Building
Dwelling Type Low Rise (2-4 stories)
Foundation Poured Concrete, Slab
Sewer Sewer
Water Public
Structure Type Brick,Concrete,Wood Frame,Wood Siding
Others
Restrictions None Known
Tax ID 56222521
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Listed by ROYAL LEPAGE COMMUNITY REALTY