Property Description

HUGE opportunity to own a fantastic commercial / retail building with additional on-site development potential in north Drumheller. Right on the route to the Tyrrell Museum, This well-maintained building is one of two side-by side commercial structures available either together or individually for purchase. PERFECTLY LOCATED in the heart of Drumheller’s core activity region, you can own flood-proof riverside property right next to the river, a short walk to 4 campgrounds along the ONLY and main route through the city! The building is fully tenanted by national chain retailers (liquor store chain and cannibis retailer) that in combination recently invested over $1,000,000 in improvements and draw significant traffic. With great access, fantastic frontage, enviable tourist exposure and huge additional development potential, YOU can reap the benefit and security of the long-term cash flow. nnAlmost 500,000 people pass by this location on the way to the Tyrrell museum every year – and even better, there’s built-in consumer traffic from the 49 room Wyndham Travelodge property immediately next door PLUS the dry of the restaurants in the adjacent building sharing the parking lot . There’s huge seasonal retail demand from the four campgrounds that are literally only 100 to 500 metres walking distance, and the adjacent neighbourhoods nearby have effectively no other retail commercial locations. Looking outside Drumheller along this highway are more campgrounds and rural residential areas that require retail business access, so this building if tenanted properly holds massive potential. PLUS Drumheller’s huge recreational complex is literally across the river, the regional hospital is only a kilometre away along the very same highway and the slow-river right behind the building provides potential for summer water rafting or other river-related business. Everyone knows that commercial real estate is all about location… and this building delivers an incredible location and great cash-flow for a fantastic value.nnHow much potential can one location offer? Detailed data available upon request.

Address Map
T0J 0Y1
W113° 17' 15.7''
N51° 28' 7.9''
MLS Addon
Split Level
19/01/2021 00:03:40

Commercial For Sale

105 Grove Place, Drumheller, Alberta T0J 0Y1

Listing ID #A1059523
Basic Details
Property Type : Commercial
Listing Type : For Sale
Listing ID : A1059523
Price : $1,750,000
Building Area Total SF : 10,021 Sqft
Year Built : 1979
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