88 Albert Street, Creswick, VIC 3363 | Commercial for sale | OnTheHouse
 
FOR SALE
$2,750,000

88 Albert Street
Creswick VIC 3363

Bedrooms: -
Bathrooms: -
Car spaces: 10
Land area: 2101m2
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The American Hotel – Landmark Freehold with Scale, Cashflow and Genuine Expansion Upside

Held tightly for decades and positioned at the absolute heart of Creswick, The American Hotel presents a rare opportunity to secure a fully operational, income-producing hospitality asset with meaningful land scale and multiple value-add pathways. Offered as a freehold going concern across two titles, 88 & 90 Albert Street combines immediate trading income with long-term development and expansion potential rarely found in regional Victoria.
Established in 1854, the American is a proven performer, benefiting from dominant town positioning, strong local patronage and consistent tourism flow from Ballarat, Daylesford and the wider Goldfields region. The hotel operates across multiple trading zones including three distinct bar areas, a well-patronised bistro seating approximately 60 patrons, multiple indoor and outdoor dining spaces, and two highly functional private rooms suited to events, conferences and functions of scale.
The upper-level Lindsay Room accommodates up to 100 guests with its own private bar and landing, while the Green Room provides an ideal space for private dining, corporate use or smaller events. Six accommodation rooms support an additional income stream, reinforcing the asset’s diversification and resilience.
The adjoining holding at 88 Albert Street further strengthens the offering, providing a fully self-contained three-bedroom residence together with a separately leased retail space, delivering supplementary income and flexibility for owner-operators or investors. Combined, the two properties create a substantial site of approximately 2,100sqm, unlocking genuine future potential including expanded accommodation, boutique hospitality concepts, distillery or brewery use, or broader mixed-use outcomes (STCA).
Operational efficiencies are enhanced by a newly installed 50-panel solar system, while rear access via Exchange Lane delivers valuable off-street parking — a significant advantage for a central township asset of this calibre.
This is not a passive trophy asset. It is a scalable hospitality investment with strong fundamentals, established trade and real upside for experienced operators, investors or groups seeking a foothold in one of Victoria’s fastest-emerging regional destinations.
Opportunities of this scale, position and flexibility in Creswick are exceptionally limited. The American Hotel is ready for its next custodian to consolidate the income, sharpen the operation and unlock the next phase of growth.

Property Details for 88 Albert St, Creswick

Building Type
Commercial
Land Size
2101m2
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About Creswick 3363

The size of Creswick is approximately 49.6 square kilometres. There are 10 parks, covering nearly 17.2% of the total area. The population of Creswick in 2016 was 3170 people. By 2021 the population was 3279 showing a population growth of 3.4% in the area during that time. The predominant age group in Creswick is 60-69 years. Households in Creswick are primarily childless couples and are likely to be repaying $1000 - $1399 per month on mortgage repayments. In general, people in Creswick work in a trades occupation.In 2021, 77.50% of the homes in Creswick were owner-occupied compared with 72.80% in 2016.

Creswick has 2,309 properties. Over the last 5 years, Houses in Creswick have seen a 15.91% increase in median value, while Units have seen a 10.04% increase. As at 31 May 2026:

  • The median value for Houses in Creswick is $564,118 while the median value for Units is $384,301.
  • Houses have a median rent of $430 while Units have a median rent of $250.
There are currently 37 properties listed for sale, and 1 property listed for rent in Creswick on OnTheHouse. According to Cotality's data, 98 properties were sold in the past 12 months in Creswick.

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