5136 54 Street
Viking, Alberta
MLS® A2344706
$2,190,000
- Status
- Active
- Property type
- Business
- MLS® number
- A2344706
- Bedrooms
- —
- Bathrooms
- —
- Year built
- 1991
1 / 14Listing description
Excellent hospitality and investment opportunity in East Central Alberta! The 28-room Viking Inn is strategically located at the intersection of Highways 14 and 36, along the Veterans Memorial Highway and near CN Rail's northern main line. The property features 28 guest rooms, an 88-seat restaurant, 123-seat lounge with dance floor and VLTs, liquor store and conference facilities.
Approximately $350,000 has recently been invested in renovating and upgrading the restaurant, which is now leased at an attractive rent and enjoys strong business, drawing patrons from Viking and surrounding communities. Viking is an active agricultural and energy centre, with its hospital, rail facilities, high school and other amenities supporting local demand. The nearby Hardisty Oil Terminal is undergoing a major storage expansion, adding to the region's economic activity.
The Viking Inn is commendably serving the lodging and dining needs generated by these establishments and the steady flow of travelers along this important transportation corridor. This established operation offers an excellent opportunity for an owner-operator or investor, with multiple revenue streams and further potential for growth.
Property summary
- MLS® number
- A2344706
- Property type
- Business
- Square footage
- 26,333 sq ft
- Land size
- 3.46 acres
- Built in
- 1991
- Annual property taxes
- $24,820.04
- Days on market
- 2 days
What would this home cost you?
Based on the $2,190,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of RE/MAX real estate central alberta, Red Deer.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.