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Listing Provided Courtesy Of:
5018 50 Street Olds, AB
$ 218,000
Property Attributes
  • ML#C4172844
  • TypeCommercial
  • CityOlds
  • Postal CodeT4H 1S4
  • StyleRetail
  • Price$ 218,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage3758
Listing Provided Courtesy Of:
Property Description

Are you ready for a great business opportunity? Well known and very profitable Chinese restaurant is located in the Town centre of Olds, in Central Alberta. Sales are strong and stable with returning customers. The restaurant has a liquor license. Currently, building, which owner is prepared to lease to a potential buyer, is used as a Chinese Restaurant on one side/ had a coffee shop on the other side, but has lots of other potential other purposes. Owner willing to negotiate lease rate with a business buyer. With the growing population and college students in town, sales can grow even higher.

Price History
3/18/2018 Listed $299,900
11/3/2018 17% - $249,000
1/10/2019 9% - $228,000
3/3/2020 5% - $218,000

General Features

Building Name south china seas
Business Type Food & Beverage, Restaurant
Business Yn Yes
Condo Type Not a Condo
Construction Materials Wood Frame
HOA Fee 0.00
Heating See Remarks
Property SubType Retail
Property Type Commercial
Structure Type Retail
Subdivision Name NONE
Transaction Type For Lease
Zoning C1

Interior Features

Building Area Total Metres 349.13
Building Area Total Sf 3758.00
Main Level Finished Area Units SquareFeet

Exterior Features

Building Area Total 3758.00
Lot Description Back Lane, Near Shopping Center, See Remarks, Views
Lot Size Acres 0.00
Parking Common Spaces 15
Parking Total 15
Water Source Public


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Postal Code Average in T4H 1S4

AVG $220K
AVG 70
AVG 67
Data Provided by Walkscore ® not using MLS data

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