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Now Real Estate Group
120 St Nw, Edmonton, AB T5E 5N5
Courtesy of Syamal Raha of RE/MAX Excellence.
- $2,200,000
- List Price
- $2,200,000
- MLS® #
- 45727793
- Year Built
- 1941
- Region
- Edmonton
Property Description
DOVER HOTELA Multi-Revenue Hospitality & Commercial Investment OpportunityAn established hospitality property offering multiple income streams, over one acre of land, and significant value-add potential.Built in 1941, Dover Hotel combines hospitality, entertainment, retail, and real estate investment opportunities. With several existing revenue sources and room for expansion, the property offers potential for an owner-operator or investor seeking to enhance income and unlock additional value.KEY INVESTMENT HIGHLIGHTS•Over 1 acre of land offering future development potential•22 guest rooms, with 12 currently operational•Opportunity to activate additional rooms following required electrical-system upgrades•30 VLTs providing an established entertainment revenue stream•Lounge and restaurant generating food and beverage revenue•Liquor store and convenience store providing additional retail income•ATM and guest room rental revenue•Three lots potentially available for separate sale, subject to applicable approva
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