101 Grove Place, Drumheller
Motel/Hotel Property for Sale
- MLS®#: A2108993
- Price: $3,590,000
- Status: Active
- Year Built: 1979
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
Contact Laura Ipsum About MLS® A2108993
Laura Ipsum, 7804256270 at Redman Office Realty, 10172 108 Street, Edmonton, Alberta, T5J 1L3
property information
- Property Type: Motel/Hotel Property
- MLS®#: A2108993
- Year Built: 1979
- Lot Size: 1.09 sq.ft.
- Restrictions: Utility Right Of Way
Community Information
- Address: 101 Grove Place
- Neighbourhood: Downtown Drumheller
- City: Drumheller
- Postal Code: T0J 0Y0
interior
- Included: Will provide upon request
- Fireplace Details: For Sale
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