For Sale · Hospitality

Westlock

Westlock, AB T7P1S7

$425,000 total

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Asset Class

Hospitality

Size

—

Building class

A

Zoning

CHY — Highway Corridor

$ / SF

—

Occupancy

92%

Year Built

1974

Lot Size

0.28350000000000003 ac

About this property

Incredible opportunity to own a one‑of‑a‑kind small‑town gastro pub with a fantastic atmosphere and huge growth potential. Currently operating limited hours, leaving significant upside for an ambitious owner. This 4,170 sq. ft. building includes a 170‑seat restaurant/saloon/bar, plus 2‑bedroom owner’s living quarters.The venue features a dance floor with high‑fidelity sound system and club lighting, dimmable LED lighting, 2 pool tables, and stylish finishes including purple glitter epoxy tables and matching bar. The fully equipped kitchen offers high‑quality commercial equipment, while beer taps are keg‑fed from a walk‑in cooler.Additional space includes a basement third bedroom currently set up as a tattoo studio. Alcove for housing 3 VLTs (would have to apply to AGLC for them). A rare, turn‑key business with no comparable competition for miles—ideal for hospitality entrepreneurs. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$425K
Down payment30% · $128K
Interest rate6.25%
Amortization25 years
Occupancy92%
Expense growth2.5%

Monthly debt service

$2K

Projected NOI

$27K

Annual cash flow

$3K

Cash-on-cash

2.46%

DSCR

1.13

Going-in cap

6.28%

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.

Area demographics

Trade area within 3 miles of the property.

Population

71,158

Households

29,553

Median income

$114,500

Median age

34.1

Daytime population

85,796

5-yr growth

4%

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

Secure deal room

Confidential diligence documents for Westlock.

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.