101 Grove Place, Drumheller

2024-02-22
 

Quick Summary

Location
101 Grove Place, Drumheller, Alberta T0J0Y0
Price
$3,590,000 CAD
Status:
For Sale
Property Type:
Business
Area:
15637ft2
Year of Construction:
1979
Brochure Link:

MLS®#A2108993

Property Description

This 2 stories 49 rooms limited services franchise hotel occupies a location with access and exposure to Highway #9. The subject benefits from the synergies created along this highway commercial node. Drumheller’s economy is based on agriculture and tourism with the oil and gas industry. Located on the CN main line linking Calgary and Saskatoon, it is a service center for the surrounding agricultural area engaged in grain production, specialty crop that, hay production, and ranching.There are several tourist attraction places such as the Drumheller Valley, the Tyrell Museum of Palaeontology which is the largest museum archaeological display in the world, has always held a degree of appeal for tourists. It is estimated that the number of visitors to the area has tripled to approximately 500,000 per annum.Revenue : 2023:$1,061,049, 2022 :$775,319 , NOI : 2023: $376,772 (id:32467)

Property Features

Building

  • Fireplace: No
  • Interior Size: 15637.38 sqft

Land

  • Land Size: 1.09 ac|1 - 1.99 acres

Maintenance Fee

  • Maintenance Fee: 0.00

Ownership

  • Type: Condominium/Strata

Zoning

  • Description: Highway Commercial

Information entered by MaxWell Canyon Creek
Listing information last updated on: 2024-03-01 00:55:38


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Savings calculated using One Percent Realty's posted commission rates compared to another agent charging 7% on the first 100k & 3% on the balance + GST. Not all agents charge the same.

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