101 Grove Place , Drumheller, Alberta T0J 0Y0 For sale

MLS® Number A2108993

$3,590,000

Overview
1979 Year Built
15637.38 sqft

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:53286)

Fearures

  • MLS® Number A2108993
  • Price $3,590,000
  • Square Footage: 15637.38 sqft
  • Community Name: Downtown Drumheller
  • Plan 7911235

Business

Business Type Accommodation Business Sub Type Hotel/motel

Buildings

Constructed Date 1979 Size Exterior 15637.38 Sqft
Size Interior 15637.38 Sqft Total Finished Area 15637.38 Sqft

Land

Acreage Yes Size Irregular 1.09
Size Total 1.09 Ac|1 - 1.99 Acres Size Total Text 1.09 Ac|1 - 1.99 Acres
Zoning Description Highway Commercial

Agents and Offices

  • Francis C. Lee
  • Office: Maxwell Canyon Creek
  • Aerial
  • Walking Score
  • Street Level
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