12704 120 Street Nw, Edmonton
DOVER HOTELA Multi-Revenue Hospitality & Commercial Investment OpportunityAn established hospitality property offering multiple income streams, over one acre of land, and significant value-add potential.Built in 1941, Dover Hotel combines hospitality, entertainment, retail, and real estate investment opportunities. With several existing revenue sources and room for expansion, the property offers potential for an owner-operator or investor seeking to enhance income and unlock additional value.KEY INVESTMENT HIGHLIGHTS•Over 1 acre of land offering future development potential•22 guest rooms, with 12 currently operational•Opportunity to activate additional rooms following required electrical-system upgrades•30 VLTs providing an established entertainment revenue stream•Lounge and restaurant generating food and beverage revenue•Liquor store and convenience store providing additional retail income•ATM and guest room rental revenue•Three lots potentially available for separate sale, subject to applicable approvals•No asbestos in the building, potentially simplifying future renovationsMULTIPLE REVENUE STREAMSDover Hotel offers a diversified operating model combining:Lounge - Restaurant - Liquor Store - Convenience Store - VLTs - Guest Rooms - ATMThese complementary operations provide opportunities to generate revenue from hospitality, entertainment, food and beverage, and retail.SIGNIFICANT UPSIDE POTENTIALOf the 22 guest rooms, 12 are currently operational. The remaining rooms offer an opportunity to expand accommodation capacity following the required electrical upgrades.The propertys substantial landholding adds further investment appeal. Three lots may potentially be sold separately, subject to approvals and market conditions, providing an opportunity to generate capital or explore redevelopment options.OPPORTUNITY TO ADD VALUEAn incoming owner may explore opportunities to:•Expand room inventory and accommodation revenue•Modernize existing facilities•Optimize lounge, restaurant, and retail operations•Maximize the VLT operations potential•Evaluate the separate sale of three lots•Explore redevelopment or alternative uses, subject to zoning and municipal approvalsA COMBINATION OF BUSINESS & REAL ESTATEDover Hotel offers the opportunity to acquire an operating hospitality business alongside a substantial real estate asset with multiple existing revenue streams and identifiable value-add opportunities.For an owner-operator, it offers several complementary businesses under one roof. For an investor, it provides a platform to pursue operational improvements, additional income, and potential long-term real estate value.Dover Hotel — Established operations, diversified income, and room to grow. (id:1945)
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Property details for 12704 120 Street Nw, Edmonton
- Type
- Hospitality
- Living Area
- 15,815 square feet
- Lot Size
- 46312.992
Nearby Listings Stat
Estimated price and comparable properties near 12704 120 Street Nw
Active Listings
255
Min Price
$1,800
Max Price
$18,500,000
Avg Price
$586,210
Days on Market
63
days
Sold Listings
121
Min Sold Price
$119,000
Max Sold Price
$2,885,000
Avg Sold Price
$409,562
Days until Sold
69
days
Neighbourhood Census Data
Edmonton, Alberta
Population
501
Median Age
43.4
Median Income
$33,664
Dwelling Value
$250,567
Housing Tenure
Owners 37%
Renters 63%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.2
Pop. Density: 2,941.9/km²
Avg Shelter Cost: $1,388/mo
Owners with Mortgage: 76.5%
Owners Spending 30%+: 0%
Tenants Spending 30%+: 55.2%
English only: 91.8%
English and French: 6.1%
Neither: 2%
Median Household Income: $56,192
Median Employment Income: $43,392
Price History
Listed
October 9, 2026
by RE/MAX Excellence
Current Price
$2,200,000
Type
Hospitality
For Sale
