An exceptional opportunity awaits with this spacious 7,300 sq. ft. Oriental buffet restaurant for sale in Lethbridge. Perfectly situated in a busy, high-traffic location, this turnkey operation is fully equipped and ready for new ownership. With a lease of $15,000 per month including operating costs, it offers both scale and affordability. The expansive layout is designed to accommodate high-volume dining, making it ideal for continuing as a buffet concept or converting into a new restaurant vision. With strong local demand and excellent growth potential, this property is a rare chance to own a large, well-positioned restaurant in one of Alberta’s growing cities.
Listing Brokerage: Grand Realty
Great starter or buy as an investment. Currently has tenant. paying $1000.00 plus power.
Listing Brokerage: RE/MAX BOXSHAW FOUR REALTY
THE ALICE HOTEL is a historical landmark building/business operating profitably in Camrose since it was constructed in 1928. It has been owned and operated by the same family for almost 50 years due to its reliable long-term staff, straight-forward operational environment, and consistently strong revenue. It’s a rare gem in the heart of Camrose!
A thoughtful blend of vintage brick nostalgia accented by contemporary touches and unique artistry makes the Alice timeless and iconic. Its key location heralds the start of the historic main street business district, and commands the attention of locals and visitors alike.
The hotel interior and exterior have been impeccably maintained throughout its lifetime, with the current owners proactively implementing repairs and improvements that ensure the Alice remains both visually and functionally viable for the next 100 years.
STRONG AND STABLE REVENUES OF OVER $2.2MM are generated annually from the combination of lodging, food & beverage, and gaming revenues, plus market data shows ample room remains for pricing and rate increases. The steady and reliable profitability has allowed healthy management take-outs, including through the years impacted by Covid - directly counter to the challenges other businesses experienced through that period.
An efficient centralized kitchen provides service to the cafe, lounge and bar, with a menu that offers variety with without excess and supports signature dishes that draw regular patrons. Food revenues can be easily expanded by adding mobile ordering / delivery options and expanded service hours which are not currently offered. Four entrances allow varied operational options plus separate basement access, adding strong potential for new revenue streams by creating bookable space or adding an additional commercial venue. 2028 WILL MARK THE 100TH ANNIVERSARY FOR THE ALICE HOTEL, A TREMENDOUS MARKETING OPPORTUNITY!
Built in 1928, the Alice Hotel was extremely large and modern for the time. It boasted 52 rooms, hot and cold running water, baths, telephones in the rooms and a large dining room. It was built by prominent local businessman Valclav Matejka who came to Camrose in 1905. He named the hotel after his daughter Alice, and the hotel has continued to bear her name ever since. Over decades, the rooms were enlarged with private bathrooms & sitting areas, reducing the room count to 23.
The hotel is listed on the Camrose ‘Heritage Survey and Inventory’ List, proving its historic value to the city and its importance to the region, however it is not a registered historic site which allows full flexibility of work and use. Additional data available upon request with signed NDA from the listing agent. VIEWING BY PRE-ARRANGED APPOINTMENT ONLY. Appointments can be arranged through your agent, or by contacting the listing agent. The seller also requests for ALL INQUIRIES TO BE DIRECTED THROUGH THE LISTING AGENT. Please do not contact the hotel directly with any inquiries. Thank you!
Renovated home situated on massive commercial zoned lot in the heart of Grande Prairie. Property has ample parking, large yard that is fully fenced with a shed with alley access on two sides of the property. Upper unit fully renovated flooring, paint , light fixtures, kitchen cabinets, counter tops, backsplash and back deck and consists of three bedrooms, full bathroom and entrance from the back deck or common area front entrance. Basement consists of two non conforming suites one with one bedroom and full bathroom, other unit is a unique bachelor suite with own entrance and bathroom in common area. Laundry is shared in common area between the units. Whether you are looking to grow your rental portfolio or move into one of the units and off set the mortgage with rent of other units this property will be sure to please. Exterior has fresh coat of paint and light fixtures.
Listing Brokerage: RE/MAX Grande Prairie
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This elevated lot offers wonderful views of Pigeon Lake and is just steps away from the lake access. The warmth and charm of Cedar-lined vaulted ceilings throughout the open concept main living area are showcased by abundant lake-facing windows. Newly renovated 4-season lake house with 4 LG stainless appliances (gas stove) in the kitchen as well as a new stacked washer and dryer on the main floor. A newly built gas fireplace has a live-edge mantle. The guest bedroom fits a king-sized bed and is across from the main bath. The kitchen has new quartz countertops and a big island with seating for four. All windows have blinds. New flooring throughout the main storey, and the basement has carpet. s. South-facing tree-lined backyard offers a firepit with benches and a spacious deck with gazebo. New gas furnace and water heater installed 3 years ago; the roof was done in 2017. The full basement has lots of room for more rooms as you see fit.
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