Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Subdivision Downtown Camrose
MLS® Listing ID A2209789
Originating Board Central Alberta
Year Built 1910
Annual Tax Amount $7,923
Tax Year 2024
Property Sub-Type Business
Property Description
This Commercial Property boasts an Established Restaurant (The Marrow) on the main level and offers additional space on the upper level and in the basement, providing excellent opportunities for expansion or alternative use. Perfectly situated within walking distance of Camrose's bustling Main Street, this location is ideal for entrepreneurs looking to capitalize on foot traffic and community engagement. This established restaurant is licensed for 180 patrons as well as 26 patrons for the patio section. The basement was at one time also licensed for 180 patrons.
Main Level: Restaurant (The Marrow)
Established Restaurant with a loyal customer base.
Modern kitchen equipped with commercial-grade appliances.
Inviting Dining Area with ample seating capacity.
High-quality sound system installed for ambiance and events.
Recent upgrades to electrical boxes ensuring safety and compliance.
Well-maintained interior décor with a warm and welcoming atmosphere.
Basement: Open Space, which could be used for Catering Weddings, Wedding Planners, Events, So Many Possibilities.
Spacious, open layout perfect for storage, additional dining, or events. Dancing, Private Casino etc.
Potential for conversion into a banquet area, bar, or other creative endeavors.
Easy access from the main floor.
Upper Level: Open Space
Versatile upper-level space that can be utilized as office space, additional dining, or apartments.
Great opportunity for rental income or hosting private events.
Ample natural light with potential for interior enhancements.
Additional Features:
Prime location with high visibility and traffic.
Opportunity for various business ventures, including retail, office space, or art studios.
Parking available nearby, ensuring convenience for customers and staff.
Investment Potential:
This property represents an excellent investment opportunity in a growing area. The established restaurant's success, combined with the potential of the open spaces, provides multiple avenues for revenue generation.
Camrose is approx. 45 mins to Edmonton Airport. Kayaking in the Summer, over 30 km walking/hiking trails. Hockey, gymnastics club, dance for kids, many bistros. Daycares, jobs. Camrose has SO much to Offer! Invest in this Opportunity!
Location
Province AB
County Camrose
Zoning C1
Interior
Heating Combination, Natural Gas
Exterior
Total Parking Spaces 15
Building
Structure Type Brick
Others
Restrictions Historic Site,Non-Smoking Building
Tax ID 92228731
Ownership Private
Virtual Tour https://my.matterport.com/show/?m=ShdMiMsSCd3
MORTGAGE CALCULATOR
AFFORDABILITY CALCULATOR
Quite affordable.
As a real estate agent, Sheldons brings a strong passion and incredible dedication to ensuring real estate buyers and sellers achieve their goals in a smooth and fulfilling process. Growing up in a family of Real Estate Professionals, Property Managers, and Real Estate Investors, Sheldons gained valuable knowledge about real estate transactions. He nurtured a deep love for the industry from a young age. Given his background, he always desired to venture into the industry to give his clients a positive, rewarding, and financially satisfying real estate experience.
Determined to help his client navigate the complex and competitive market with ease, Sheldons seeks to guide, advise, and educate clients, in order to empower them to make wise and well-informed choices. He strives to go over and beyond to help buyers find their perfect homes and assist sellers in marketing their properties for top dollar. For Sheldons, there is nothing more fulfilling than seeing the smile and the look of satisfaction on his client’s face after a successful closing.
When you entrust Sheldons with your real estate dreams, you can be confident that he won’t rest until he turns them into reality.