9,000 SqFt
9,000 SqFt
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Square Footage 9,000 sqft
Price per Sqft $63
Subdivision Riverview Park
MLS Listing ID A2247539
Year Built 1962
Lot Size 0.430 Acres
Property Sub-Type Mixed Use
Property Description
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 senior's lodges.
The location creates unparalleled direct access to the residential community and adjacent seniors population - ideal for medical or service related businesses. This is evidenced by the current long-term main floor tenant, an Alberta Government family and community services centre.
The tenanted area of the building has been renovated, however the seller delayed renovating the other floors to explore the opportunities that the large 18,600 sq.ft (0.43 acre) lot provides for building expansion or possible conversion to residential use.
In addition to the commercial and expansion possibilities, 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.
Preliminary discussions with the town planning office has shown that there is ample underground capacity for both expansion or conversion, and the town expressed support for discussing both expansion and conversion options.
The building itself has been well maintained, and the walk-up with lift access without elevators helps keep general operational costs down while increasing the net revenue.
With windows replaced 10 years ago, efficient forced air heating systems, upgraded electrical, ample parking, and a host of current and future usage options, this is a remarkable investment you don't want to miss!
Location
Province AB
County 0532
Zoning ND
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Inclusions Exterior storage shed, power chair lift system
Exterior
Roof Type Flat Torch Membrane
Building
Lot Description Back Lane, Corner Lot, Low Maintenance Landscape, See Remarks
Dwelling Type Low Rise (2-4 stories)
Foundation Poured Concrete
FEATURED AREAS
NEWLY LISTED IN THE CALGARY AREA
- New NW Single Family Homes HOT
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- Everything New in Cochrane
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- Everything Just Listed
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HOMES FOR SALE IN NORTHWEST CALGARY
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REVIEWS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
