A unique commercial redevelopment opportunity in the heart of Standard, Alberta. Situated on an impressive approximately 150' x 130' corner parcel, this property encompasses six lots and offers substantial space for a future vision. The existing two-storey former hotel building includes a variety of spaces that historically accommodated guest rooms, residential-style accommodations, a commercial kitchen, bar and banquet areas, laundry facilities and a full basement. Located within Standard's Central Business District, the property offers a prominent downtown location, substantial lot size and existing commercial improvements, creating potential for redevelopment, restoration or repurposing, subject to municipal approval and the buyer's intended use. The property is owned by the Village of Standard and is being offered for sale as land and building only. Contents are not included in the sale but may be available for purchase by the successful buyer under a separate agreement. The property is being sold AS IS, WHERE IS. The existing structure is in poor condition and access may be restricted. No representations or warranties are made regarding the condition, measurements, functionality or suitability of the land, building, systems, fixtures or improvements. Buyers are responsible for completing their own due diligence regarding the property, building condition, zoning, permitted uses, servicing and future redevelopment potential.