Joseph Belland
(403) 923-2863
CIR Realty
403-294-1500
601 7 Street E
Drumheller , Alberta T0J0Y5
Drumheller , Alberta T0J0Y5
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601 7 Street E For Sale
$575,000
Fantastic opportunity to acquire a rare commercial property with roughly 9,000 square feet of space over three floors in a one-of-a-kind Drumheller location.
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!
Transaction Type
For Sale
For Sale
Days On Market
21
21
Zoning
ND
ND
Subdivision
Riverview Park
Riverview Park
Building Type
Office Building
Office Building
Year Built
1962
1962
Structure Type
Low Rise (2-4 stories)
Low Rise (2-4 stories)
Property Type
Commercial
Commercial
Property Sub Type
Mixed Use
Mixed Use
Legal Plan
1734JK
1734JK
Building Area (Sq. Ft.)
9000.00
9000.00
Building Area (Sq. M.)
836.12
836.12
Lot Size (Sq. Ft.)
18857
18857
Lot Size (Acres)
0.43
0.43
Construction Type
Brick,Concrete,Mixed,Wood Frame
Brick,Concrete,Mixed,Wood Frame
Roof
Flat Torch Membrane
Flat Torch Membrane
Foundation
Poured Concrete
Poured Concrete
Cooling
Central Air
Central Air
Heating
Forced Air,Natural Gas
Forced Air,Natural Gas
Lot Features
Back Lane,Corner Lot,Low Maintenance Landscape,See Remarks
Back Lane,Corner Lot,Low Maintenance Landscape,See Remarks
Commercial Amenities
Outside Storage,See Remarks
Outside Storage,See Remarks
Access to Property
Back Alley Access,Front and Rear Drive access,Paved Road,See Remarks
Back Alley Access,Front and Rear Drive access,Paved Road,See Remarks
Inclusions
Exterior storage shed, power chair lift system
Exterior storage shed, power chair lift system
Restrictions
None Known
None Known
Reports
Information Package,Utility/Service Line Plans
Information Package,Utility/Service Line Plans