5114 50 St, Evansburg

About this property

Exceptional opportunity to acquire a well-established hospitality and entertainment property prominently located on Main Street in downtown Evansburg. Serving the community since 1957, this iconic inn offers a unique combination of existing revenue streams, recent capital improvements, and significant potential for an owner-operator, experienced hotelier, or entrepreneur looking to expand their hospitality portfolio.The property features 10 rentable guest rooms, along with a spacious deluxe manager’s suite that provides convenient on-site accommodations for ownership or management. A well-established bar creates an additional income stream and includes 8 VLTs, billiard tables, arcade games, a performance stage, and a banquet area—offering opportunities to host live entertainment, private functions, community events, and special occasions.Additional commercial areas further enhance the property’s income potential. The restaurant space and an additional leasable business space is currently rented out to a thriving local coffee shop. These flexible spaces provide an opportunity to diversify revenue, attract additional traffic, and create a multi-service hospitality destination.Recent upgrades include a new roof, renovated guest rooms, refreshed hallways, updated washrooms, new beds, and a new hot-water tank, helping reduce near-term capital requirements while improving the guest experience. The basement provides substantial storage capacity, while the original bank safe adds distinctive historical character. A detached shop offers additional parking, storage, workshop space, or potential for other operational uses.With its prominent downtown location, established community presence, multiple potential revenue streams, and opportunities for further growth, this property presents a compelling opportunity for an ambitious owner-operator or hospitality investor. Build on more than six decades of local history while bringing your own vision to a versatile property with substantial business potential. (id:66811)