101 Grove Place, Drumheller, Alberta T0J 0Y0

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$3,590,000

Highlights

$3,590,000

Price

15637 sqft

Lot

For sale

Status

A2217986

MLS® ID

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) 2024: $1.079,406, 2023:$1,061,049, NOI) 2024 : $355,298, 2023: $376,772 (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2217986
    • Price $3,590,000
    • Square Footage: 15637 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 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 Hwy-c – Highway Commercial

    Agents and Offices

    • Francis C. Lee
    • Office: Maxwell Canyon Creek

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