Civic Address:
66666 Hwy 777, Ruraltown, Alberta.

Legal Description:
Lot B, District Lot 888, Plan 999.

Lot Size:
1.20 acres (52,272 s.f.).

Age:
1957 with little or no updating since construction.
The effective age is estimated to be 1957.

Parking:
Extensive surface parking predominately at the rear of the tavern.

Location:
This well established business is located on a prominent corner of Highway 777 and First Street. There is excellent access to the tavern from both streets.

Structure:
The structure is a two storey concrete block and stucco building, containing a gross floor area of 10,000 s.f. per floor. The main floor contains a tavern licensed for 400 seats. Storage is consistent with the size of the tavern. It provides exotic entertainment. Off-sales are permitted. The second floor houses 20 guest rooms for overnight accommodation, with the appropriate housekeeping and laundry facilities.

Business Profile:
The gallonage/tavern hotel draws considerable lunchtime, late afternoon and evening trade. The rooms have experienced erratic occupancy, but on average 40% from 2003-2008.

Zoning:
C10 (Highway and Town Centre Commercial), providing for a variety of highway and town centre including retail, office, restaurant, hotel, motel, financial institution, sports facilities, etc. The maximum permitted density is 0.40.

Area Analysis:
This rural area has experienced little growth in years with minimal new development. It is, however, an established community well served by commercial and community uses.

Highest and Best Use:
After an analysis of the current and possible alternate uses of the property, the highest and best use is concluded to be as currently improved.