101 Grove Place, Drumheller, Alberta

$3,590,000

Previous Next

1.09

Acres

About 101 Grove Place

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

Features of 101 Grove Place

MLS® # A2108993
Price $3,590,000
Bathrooms 0.00
Acres 1.09
Year Built 1979
Type Commercial
Sub-Type Hotel/Motel
Status Active

Community Information

Address 101 Grove Place
Subdivision Downtown Drumheller
City Drumheller
County Drumheller
Province Alberta
Postal Code T0J 0Y0

Amenities

Is Waterfront No
Has Pool No

Interior

Fireplace No
Has Basement No

Additional Information

Date Listed February 22nd, 2024
Days on Market 58
Zoning Highway Commercial
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeMaxWell Canyon Creek

Listing Map