Business with Property For Sale in Sedgewick, AB (4902 48th Ave) - $725,000


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Business with Property / Building Lot / Business / Commercial Space / Land with Building(s) For Sale in Sedgewick, AB

Main Features

0 Bedrooms
0 Bathrooms
4,262 Square Feet
0.85 acres Lot Size
Wheelchair Accessible
1 Story
Assigned Parking, Parking Lot, Street Parking
Built in 2018
$3,500 Annual Taxes

The Basics

  • Price: $725,000
  • Property Type: Business with Property / Building Lot / Business / Commercial Space / Land with Building(s)
  • Ad Type: For Sale
  • Listing ID: 506294
  • MLS® Number: CA0184820

Location

  • Address: 4902 48th Ave
  • City: Sedgewick
  • Province/State: Alberta
  • Postal/ZIP Code: t0b 4c0
Property Description
Other Features
Map Location
Mortgage Calculator
Contact Seller

Building was formally a Canadian Legion. Built in 1985 this building was sparingly used, then purchased and had huge upgrades in 2018 to convert to a modern pub. Seating is currently up to 140. There are plans in place for expansion and almost everything is new in 2018. It sits on multiple lots at the end of main street and there is lots of parking- the parking lot can be built on as well.

Additionally there are currently adjacent lots for sale as well.

No expense inside was spared with new renovations including a beautiful new ceiling, flooring, professionally crafted and installed booths, new custom bartops and large common tables custom made from Alberta reclaimed wood. A new gas fireplace with custom stonework was added as well.

6 new TV's including 2 83" 4K Tv's in the main room, with a professionally designed and installed multi zone sound system. A new small patio was added this summer which has another added occupancy of 30.

New 14 tap beer system, new liquor gun system, new walk in cooler and custom shelving, new commerical grade freezers, fridges, new stainless counters, new gravity shelving, new bar equipment including large mug chillers, ice machine. Everything is brand name.

New kitchen equipment is very modern with thought put into operating expenses- no hood fan required and no deep frying. There are 2 new Merrychefs and a Rationale oven, 3 freezers, 2 fridges, and a professionally done dishwashing station, all just over 1 year old with sticker prices of over $100,000.

New water softener system with pressure booster, new hot water tanks 2018, heating upgraded in 2000 and 2018, roof upgraded with low maintainance tin in 2008. Camera system and alarms installed 2018. New efficient parking lot lighting installed in 2019.

We have been approved and wired completely for VLT's, we chose to allow families instead but VLT's can be added at any time. A plan was also created to add a separate VLT room (cost was approx $15,000) which is available. We are happy to help the new owners with transition. Games we own are available as well (pool tables, video games)
Large lot with lots of parking or space to build on. We can also include professional blueprints ($7000) created for adding a 2 story hotel to the property.

Sedgewick has lots of upside potential as they have recently redone thier entire downtown, added new businesses, have a successful concert series, and created a large new housing development. Unfortunately after all the hard work we have decided to move on to the next project so this is a great opportunity for someone out there! Avoid the hard work of designing and building and go straight into a new pub with new equipment and no surprises!

This Property Also Includes:

Fireplace Included
Air Conditioning Included
Games Room Included

Approximate Map Location*

4902 48th Ave, Sedgewick, Alberta, Canada   t0b 4c0


* Each seller is responsible for ensuring that their map location is accurate. Please contact the seller directly if you have any questions.
Seller Name: Clayton Hinkey
Contact this Seller at 780-385-5555
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