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$3,590,000
Est. payment /mo
15,637 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 15,637 sqft
Price per Sqft $229
Subdivision Downtown Drumheller
MLS Listing ID A2217986
HOA Y/N No
Year Built 1979
Lot Size 1.090 Acres
Acres 1.09
Property Sub-Type Hotel/Motel
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) 2024: $1.079,406, 2023:$1,061,049, NOI) 2024 : $355,298, 2023: $376,772
Location
Province AB
County 0532
Zoning HWY-C – Highway Commerci
Interior
Inclusions will provide
Fireplace No
Exterior
Garage No
Building
Dwelling Type Low Rise (2-4 stories)
Others
Restrictions Utility Right Of Way
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Listed by MaxWell Canyon Creek