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$ 575,000
Est. payment | /mo
9,200 SqFt
$ 575,000
Est. payment | /mo
9,200 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 9,200 sqft
Price per Sqft $62
Subdivision Riverview Park
MLS Listing ID A2335823
Year Built 1962
Lot Size 0.430 Acres
Acres 0.43
Lot Dimensions 125 x 150 +/-
Property Sub-Type Office
Property Description
This is a fantastic opportunity to acquire a rare,well maintained commercial property with over 9,000 square feet of space over three floors in a one-of-a-kind Drumheller location.
What makes it rare? Occupying a corner lot in one of the town's most popular riverside residential areas,the property is two blocks from primary traffic routes,a short distance from the downtown district,and immediately across the street from Drumheller's two large senior's lodges. Most commercial locations in Drumheller are highway or downtown retail,limiting both their desirability and their accessibility,making this opportunity very uncommon.
This location creates unparalleled direct access to the surrounding residential community and the adjacent seniors population - ideal for medical,daycare or service related businesses. This community appeal is evidenced by the long-term main floor tenant,an Alberta Government family and community services centre.
The tenanted floor of the building has been fully renovated,however the seller has delayed renovating the other two floors to allow buyers to explore the other usage opportunities that the large 18,600 sq.ft (0.43 acre) lot provides. There's a TON of opportunity: - owner-specific renovations - tenant-specific renovation-to-suit requirements - conversion to up to 17 residential apartments / condos - residential conversion plus building expansion for a total of 29 units. So many options!
Drumheller's acute residential shortage makes this location also ideal for rental apartments or condominium conversion - providing a myriad of options for a savvy investor beyond the existing commercial and expansion possibilities.
Preliminary discussions with the town planning department has shown strong support for residential conversion options. Ample municipal services are immediately adjacent to the property to accommodate any expanded requirements for residential use or for building expansion.
Access is simple with entrances and wide staircases at either end of the building plus a chair-lift at the main entrance allowing those with mobility limitations access between floors. The roof is relatively new,and the building structure is solid,using dimensional lumber interior framing. Maintenance check and necessary inspections are regularly completed. High ceilings allow for easy servicing and cable/plumbing runs - if or as desired. This is a low-maintenance,extremely affordable,and easy to manage asset with huge potential.
With windows replaced roughly 10 years ago,efficient forced air heating systems and cooling systems,upgraded 400amp electrical,ample parking,key community location,and enviable flexibility for a wide range of current and future usage options - this is a remarkable investment you don't want to miss!
What makes it rare? Occupying a corner lot in one of the town's most popular riverside residential areas,the property is two blocks from primary traffic routes,a short distance from the downtown district,and immediately across the street from Drumheller's two large senior's lodges. Most commercial locations in Drumheller are highway or downtown retail,limiting both their desirability and their accessibility,making this opportunity very uncommon.
This location creates unparalleled direct access to the surrounding residential community and the adjacent seniors population - ideal for medical,daycare or service related businesses. This community appeal is evidenced by the long-term main floor tenant,an Alberta Government family and community services centre.
The tenanted floor of the building has been fully renovated,however the seller has delayed renovating the other two floors to allow buyers to explore the other usage opportunities that the large 18,600 sq.ft (0.43 acre) lot provides. There's a TON of opportunity: - owner-specific renovations - tenant-specific renovation-to-suit requirements - conversion to up to 17 residential apartments / condos - residential conversion plus building expansion for a total of 29 units. So many options!
Drumheller's acute residential shortage makes this location also ideal for rental apartments or condominium conversion - providing a myriad of options for a savvy investor beyond the existing commercial and expansion possibilities.
Preliminary discussions with the town planning department has shown strong support for residential conversion options. Ample municipal services are immediately adjacent to the property to accommodate any expanded requirements for residential use or for building expansion.
Access is simple with entrances and wide staircases at either end of the building plus a chair-lift at the main entrance allowing those with mobility limitations access between floors. The roof is relatively new,and the building structure is solid,using dimensional lumber interior framing. Maintenance check and necessary inspections are regularly completed. High ceilings allow for easy servicing and cable/plumbing runs - if or as desired. This is a low-maintenance,extremely affordable,and easy to manage asset with huge potential.
With windows replaced roughly 10 years ago,efficient forced air heating systems and cooling systems,upgraded 400amp electrical,ample parking,key community location,and enviable flexibility for a wide range of current and future usage options - this is a remarkable investment you don't want to miss!
Location
Province AB
County 0532
Zoning ND
Direction E
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Inclusions Exterior shed, chair lift system in building
Fireplace No
Exterior
Roof Type Flat Torch Membrane
Total Parking Spaces 32
Garage No
Building
Lot Description Back Lane, Corner Lot, Low Maintenance Landscape, See Remarks
Dwelling Type Low Rise (2-4 stories)
Foundation Poured Concrete
Others
Restrictions None Known
Listed by CIR Realty
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