JN REAL ESTATE GROUP

Downtown Drumheller

FOR SALE

$2,799,000

PURCHASE PRICE

392 Centre Street , Drumheller · T0J0Y0

HOTEL/MOTEL · BUILT 1984

MLS A2295532 · 110 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

Rare opportunity to become an owner operator of your own established motel/hotel in the heart of Drumheller-the Dinosaur capital of Alberta! This is your chance to own an "Econolodge Inn and Suites", a name synonymous with reliability and value. There are 54 suites offering a variety of sleeping arrangements, and, onsite living quarters for the owner/manager! This is a low overhead business offering a bustling very busy summer season. Located downtown, there is ample parking on the property and the motel offers breakfast dining. For the ultimate in convenience, there is a Shoppers Drug Mart right across the street. Drumheller is famous for its Dinosaurs and is only 110km from Calgary. Also, it is home to the 2nd largest natural gas field in Alberta. Tourism plays the largest part in attracting visitors including the "worlds largest dinosaur", "Canadian Badlands Passion Play" at the amphitheatre, and of course, the "Royal Museum of Paleontology. The museum itself attracts half a million visitors every year! Add the spectacular Hoodos and you can see why Drumheller is a top Alberta destination! The hotel achieves an attractive cap rate and provides a relaxed, yet profitable lifestyle. If you're looking to run a profitable business while enjoying a small town feel, this might be the business you've been looking for!

DETAILS

TRANSACTION

TRANSACTION
For Sale

BUILDING

TYPE
Hotel/Motel
YEAR BUILT
1984

LOT & EXTERIOR

LOT SIZE (SQFT)
23,523
LOT SIZE (ACRES)
0.54

COMMUNITY

COMMUNITY
Downtown Drumheller
ZONING
DT
POSTAL CODE
T0J0Y0

UTILITIES & COSTS

ANNUAL TAXES
$45,043

LISTING COURTESY OF RICHARD KIM · RE/MAX HOUSE OF REAL ESTATE

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.