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  • * $3,590,000
  • Acres1.09
  • Built1979
  • DOM151
$3,590,000

101 Grove Place, Downtown Drumheller in Drumheller, AB

This is a Commercial Listing.

Work with an experienced agent who knows ~the Downtown Drumheller area~ View This Property

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101 Grove Place, Downtown Drumheller in Drumheller

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

$3,590,000
101 Grove Place, Drumheller, Alberta

Essential Information

  • MLS® #A2108993
  • Price$3,590,000
  • Price per Sqft230
  • Price Per SqFt$230
  • Bathrooms0.00
  • Acres1.09
  • Year Built1979
  • TypeCommercial
  • Sub-TypeHotel/Motel
  • StatusActive
  • Days on Market151

Exterior

  • Lot Size Square Feet47480.00

Listing Details

  • Listing OfficeMaxWell Canyon Creek

Community Information

  • Address101 Grove Place
  • SubdivisionDowntown Drumheller
  • CityDrumheller
  • ProvinceDrumheller
  • Postal CodeT0J 0Y0

Additional Information

  • ZoningHighway Commercial
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