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12704 120th St NW - Dover Hotel 27,804 SF Sports & Entertainment Building Offered at $1,855,407 at a 1% Cap Rate in Edmonton, AB T5E 5N5

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INVESTMENT HIGHLIGHTS

  • 30 VLT gaming machines
  • Residential rental units
  • Excess land
  • Off-track horse race betting
  • Leased restaurant

EXECUTIVE SUMMARY

VLT gaming room and off-track betting parlour. Monthly apartment rentals on the upper floors and leased restaurant. Excess land can be sold or developed.

FINANCIAL SUMMARY (ACTUAL - 2024)

ANNUAL (USD) ANNUAL PER SF (USD)
Gross Rental Income - -
Other Income - -
Vacancy Loss - -
Effective Gross Income $982,998 $35.35
Taxes - -
Operating Expenses - -
Total Expenses $968,775 $34.84
Net Operating Income $14,224 $0.51

FINANCIAL SUMMARY (ACTUAL - 2024)

Gross Rental Income (USD)
Annual -
Annual Per SF -
Other Income (USD)
Annual -
Annual Per SF -
Vacancy Loss (USD)
Annual -
Annual Per SF -
Effective Gross Income (USD)
Annual $982,998
Annual Per SF $35.35
Taxes (USD)
Annual -
Annual Per SF -
Operating Expenses (USD)
Annual -
Annual Per SF -
Total Expenses (USD)
Annual $968,775
Annual Per SF $34.84
Net Operating Income (USD)
Annual $14,224
Annual Per SF $0.51

PROPERTY FACTS

Price $1,855,407 USD
Price Per SF $95.40 USD
Sale Type Investment
Cap Rate 1%
Sale Conditions
Deferred Maintenance
  • Excess Land
  • Furniture, Fixtures and Equipment Included
Property Type Sports & Entertainment
Property Subtype
Casino
  • General Retail Bar
  • General Retail Restaurant
  • General Retail Storefront Retail/Residential
Building Class C
Lot Size 1.07 AC
Building Size 19,448 SF
No. Stories 3
Year Built 1912
Zoning GC (General Commercial) - Wide variety of retail and entertainment options available.
Walk Score®
Very Walkable (73)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
  • Listing ID: 38255302

  • Date on Market: 10/29/2025

  • Last Updated:

  • Address: 12704 120th St NW, Edmonton, AB T5E 5N5

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