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5078 50 Street, Camrose, AB, T2V 1R2

MLS® # A2254897
Commercial For Sale In Camrose, Alberta
$2,400,000

None Beds

5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
5078 50 Street, Camrose, AB
  • Advertising
5078 50 Street, Camrose, AB, T2V 1R2
$2,400,000

Property Information:

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. 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!

Inclusions: Noted on chattels list by request

Property Features:

  • Built in: 1928
  • Business Type: Bar/Tavern/Lounge, Food & Beverage, Hotel/Motel, Restaurant
  • Construction Materials: Brick, Concrete, Post & Beam, Wood Frame
  • Cooling: Central Air, Partial
  • Floor Space (approx): 21500.00 Square Feet
  • Foundation Details: Poured Concrete
  • Heating: Boiler, Natural Gas
  • Lot Size: 23665.00 Square Feet
  • Roof:
  • Zoning: C1
  • No. of Parking Spaces: 36

Courtesy of: CIR Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

All Properties

1.18%

Price change (1 year)

15.66%

Price change (5 years)

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 5078 50 Street, Camrose, AB, T2V 1R2

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate-Low

28 hot days expected in 2050

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

Projected Heat Risk: Moderate-Low

28 hot days expected in 2050

39/100

Moderate-Low

ClimateCheck®

Current data

This property, 5078 50 Street , experiences 7 hot days per year at around 28.7 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 28 hot days at 32.6 degrees Celsius.

Projected Avg. Temperature

Past
28.7℃
2050
32.6℃

# Hot Days Per Year

Past
7
2050
28

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-Low

11 storms expected in 2050

22/100

Moderate-Low

ClimateCheck®

Current data

This property, 5078 50 Street , experiences 10 significant 2-day storms per year, with about 193.9mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 211.5mm of precipitation per year.

Precipitation Per Storm

Past
193.9mm
2050
211.5mm

48-Hour Storms Per Year

Past
10
2050
11

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 5078 50 Street, Camrose, AB, T2V 1R2

Life Stage

Young Couples

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$90,860.02

Average Number of Children

1.63

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

21.74 %

High school certificate or equivalent

34.06 %

Apprenticeship trade certificate/diploma

9.74 %

College/non-university certificate

21.71 %

University certificate (below bachelor)

1.01 %

University Degree

11.74 %

Commuter

Travel To Work

By Car

79.0 %

By Public Transit

0.0 %

By Walking

12.89 %

By Bicycle

0.67 %

By Other Methods

7.44 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

45.42 %

Houses

54.58 %

Own Vs. Rent

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