Business For Sale · Specialty

288139 658 Avenue W, Rural Foothills County

288139 658 Avenue W, Rural Foothills County, AB T0L1H0

$3.0M total

6,623.83 SF

Asset Class

Specialty

Size

6,623.83 SF

Building class

A

Zoning

US — Urban Services

$ / SF

$445

Occupancy

100%

Year Built

1996

Lot Size

6.65 ac

About this property

A rare opportunity to purchase an established boutique accommodation business along with the land, buildings, guest accommodations, furnishings and operational assets that make it all work. Sitting on 6.65+2.4(9.05) acres with direct Highwood River frontage and incredible Rocky Mountain views, this property is already operating as a destination retreat with plenty of room to grow. The current operation includes 3 private guest cabins along with 5 guest suites in the main lodge. The cabins are beautifully finished with warm wood interiors, private bathrooms, kitchen facilities, comfortable living spaces and wood burning stoves. They have the feel you want when escaping to the Foothills, with the river, mature trees and mountains right outside your door. The approximately 4972 sq/ft AG main lodge is the heart of the property. It offers additional guest accommodations, common areas, dining and gathering spaces, kitchen facilities and separate living quarters for an owner or onsite operator. Upstairs, the lounge with its copper topped bar and rustic wood finishes is a natural gathering spot. The dining area has its own character with stone walls and a wood burning fireplace that gives the space a warm, authentic lodge feel.There is also plenty of opportunity within the main lodge itself. The private portion could remain as living quarters for someone who wants to live onsite and run the business, or it could be reworked to create additional guest suites, expanded retreat space or dedicated areas for meetings and private events. Outside is really where you understand what makes this business different. Guests aren't just booking a room here. They are coming for the experience. You have direct access to the Highwood River, Rocky Mountain views, private cabins, decks, outdoor gathering spaces, an outdoor bar, gardens and camping areas toward the back of the property. There are plenty of different ways for guests to stay, gather and enjoy the property. The location is anot her big part of the draw. You are only about 10 minutes from the gates of Kananaskis, giving guests easy access to everything the area has to offer while coming back to their own private retreat along the river. The property is being offered as a turnkey opportunity, with furnishings, bedding and many of the tools, equipment and operational assets needed to keep the business running included or negotiable as part of an agreed inventory. The next owner can step into an established operation from day one and still have plenty of opportunity to take it further. There are a lot of directions this business could go. Continue with nightly accommodations, grow the retreat side, pursue more corporate and wellness groups, host private events, expand the guest accommodations or make more use of the camping areas. This is much more than an acreage with a few cabins. It is an established hospitality business sitting on a piece of Foothills real estate that would be very difficult to recreate. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$2.95M
Down payment30% · $885K
Interest rate6.25%
Amortization25 years
Occupancy100%
Expense growth2.5%

Monthly debt service

$14K

Projected NOI

$204K

Annual cash flow

$40K

Cash-on-cash

4.55%

DSCR

1.25

Going-in cap

6.91%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Cascade Foods Inc.3,650 SF2028-06
Cascade Foods Inc.1,630 SF2028-06
Cascade Foods Inc.739 SF2028-06
Cascade Foods Inc.592 SF2028-06

Area demographics

Trade area within 3 miles of the property.

Population

52,132

Households

20,835

Median income

$94,000

Median age

45.7

Daytime population

86,104

5-yr growth

5.7%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 288139 658 Avenue W, Rural Foothills County.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.