$142,619
$159,000
10.3%For more information regarding the value of a property, please contact us for a free consultation.
4907 48 AVE Camrose, AB T4V 0J4
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
Read Less
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