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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® #
- 45728794
- Year Built
- 1941
- Region
- Edmonton
Property Description
DOVER HOTELA Multi-Revenue Hospitality & Commercial Investment OpportunityA 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 servi
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