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$ 650,000
Est. payment /mo
Active
118 1st AVENUE E Leader, SK S0N 1H0
13,656 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 13,656 sqft
Price per Sqft $47
MLS Listing ID SK032289
Year Built 1912
Annual Tax Amount $7,455
Tax Year 2025
Lot Size 0.530 Acres
Acres 0.53
Property Sub-Type Hotel/Motel
Source Saskatchewan
Property Description
An ideal opportunity for a family-run business with significant potential to increase revenue. This well-established property has served the community for over 50 years and offers multiple income streams, including 22 guest rooms, a manager's suite, bakery space, tavern, seven VLTs, liquor license(s) for liquor off-sale, tavern & home delivery (purchasers would have to apply for licenses independently), and a fully equipped 80 -100 seat restaurant reopening on April 08,2026). The property presents a compelling value-add opportunity, with strong local demand for food service in the area as expressed by Community Leadership providing an excellent opportunity for growth. The main floor features a welcoming lobby with direct access to the restaurant and tavern located just off the main corridor. The bar includes a convenient dock-height loading area for deliveries and a dedicated beer cooler. An additional liquor storage room plus display shelving is also in place. The commercial kitchen and bakery is fully equipped with gas-fired grills, fire suppression systems, a walk-in freezer, walk-in refrigerator, and walk-in dedicated dry storage area, supporting efficient food service operations. Guest accommodations are located on the second and third floors and including 11 single-bed rooms and 11 double-bed rooms. Each room is equipped with a flat-screen TV, refrigerator, microwave, and coffee maker. A guest laundry facility is available on the third floor. The rooms have seen significant up grades including wall mounted AC/Heating units and windows. The metal roof and stucco exterior provide low maintenance exterior upkeep. The property is being offered as a turnkey operation, including all chattels such as computer systems, security monitoring equipment, and restaurant assets. All equipment is believed to be in good working order (exception-one refrigerator located behind the restaurant buffet area). The equipment is offered on a “where is/as is” basis without warranty.
Location
Province SK
Interior
Heating Air Conditioning, Electric, Floor Model Furnace
Cooling Air Conditioning, Electric, Floor Model Furnace
Exterior
Garage Spaces 14.0
Amenities Available Alarm System Owned, Onsite Parking, Security Access, Store Front, Sump
Total Parking Spaces 14
Others
Ownership Freehold
Listed by Royal LePage® Landmart
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