50
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$675,000
Est. payment /mo
New
7719 17 AVE Coleman, AB T0K 0M0
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Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2232986
Year Built 1924
Property Sub-Type Business
Property Description
Welcome to the historic Grand Union Hotel, a true landmark that embodies the rich heritage of Coleman. Originally built in 1904 as a wooden structure, it was later reconstructed into its current magnificent brick form in 1924. This iconic establishment holds a significant place in the town's history and offers a unique opportunity for ownership. Under the current ownership, the Grand Union Hotel is thriving with multiple revenue streams. The property features seven Video Lottery Terminals (VLTs) and a vibrant bar on the main level, known for hosting live music events. Additionally, a separate street-facing space is leased for salon services, adding further value to this exceptional property. Ascending to the top floor, you'll discover a beautifully remodeled manager's suite. This spacious suite boasts a comfortable living room, a well-appointed kitchen, three inviting bedrooms, and a bathroom. The top floor also houses ten rental rooms, each equipped with sinks, and two additional bathrooms to cater to the needs of the guests. These rooms are currently operational and generating rental income. Moving to the second floor, you'll find six rental rooms complete with private bathrooms, ensuring the utmost convenience for guests. Additionally, six more rooms are available, each featuring sinks, with two bathrooms specifically designated to serve these rooms. The rooms have been well-maintained, with recent updates enhancing their appeal. The basement of the Grand Union Hotel offers a range of amenities, including coin laundry facilities, two bathrooms, and ample storage space. Mechanical systems have seen recent upgrades, particularly in the heating system, ensuring efficient operation. With the growing trend of development and revitalization in historical downtown Coleman, this property presents a remarkable opportunity for investors. Embrace the chance to be part of the ongoing transformation and capitalize on the potential this esteemed establishment holds. Don't miss your chance to own a piece of history and become a steward of the Grand Union Hotel. Contact your favorite realtor to schedule a viewing today and explore the possibilities that await in this thriving and historically significant location.
Location
Province AB
County Crowsnest Pass
Zoning Retail Commercial C1
Interior
Inclusions Negotiable
Exterior
Lot Frontage 150.0
Building
Dwelling Type Hotel/Motel
Others
Restrictions None Known
Tax ID 56508467
Listed by LPT Realty