Camrose, AB T4V 0J4,4907 48 AVE
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Camrose, AB T4V 0J4,4907 48 AVE
Camrose, AB T4V 0J4,4907 48 AVE
Camrose, AB T4V 0J4,4907 48 AVE
Camrose, AB T4V 0J4,4907 48 AVE

$142,619

Est. payment /mo

$159,000

10.3%
Est.Price: ?

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4907 48 AVE Camrose, AB T4V 0J4

SOLD DATE : 06/01/2023

Key Details

Sold Price $142,619

Property Type Commercial

Sub Type Business

Listing Status Sold

Purchase Type For Sale

Subdivision Augustana

MLS® Listing ID A1026546

Sold Date 06/01/23

Originating Board Central Alberta

Year Built 1981

Tax Year 2020

Property Description

This family style restaurant has been a part of the Camrose community for over 35 years, known for having a large menu and serving large portions consisting of a lot of home style recipes. It is located in a high exposure area, the corner of main street downtown, and on the main drag going through Camrose, highway 13. The restaurant is also close proximity to two performing arts centres, The Lougheed Center in the University, and The Bailey Theatre downtown, both just a couple blocks away. The restaurant, with the present amount of tables and chairs, is seated for 62 quests with a maximum capacity of up to 103 persons for the whole room. The majority of the business consists of smaller parties by walk-ins or by reservations to larger parties of 15-25 people on a regular basis, and take-out service business. The dining room and kitchen has been upgraded and maintained over the last 5 years, creating a pleasant and quiet atmosphere for guests to enjoy. Just like every restaurant that has struggled through the Covid phase over the past couple of years, the restaurant is pushing forward to get back to what it was before Covid. There is great potential for this restaurant, walking into a well-established business with a good client base or re-branding a new themed restaurant and taking advantage of the amenities and the location that this business has to offer. Note: The property is a lease and building is not included.

Location

Province AB

County Camrose

Zoning C2

Interior

Furnishings Furnished

Exterior

Community Features Park, Schools Nearby, Shopping Nearby

Present Use Commercial,Other

Total Parking Spaces 25

Building

Lot Description Corner Lot, Paved

Others

Restrictions None Known

Ownership Private

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Listed by RE/MAX Real Estate (Edmonton) Ltd.

Jacqueline Hinz

Agent

+1(403) 464-2946

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