Property Details for MLS® # A2247539
601 7 Street, Drumheller
Mixed Use for Sale
- MLS®#: A2247539
- Price: $575,000
- Parking: 32
- Status: Active
- Year Built: 1962
Back on the market!! This is a fantastic opportunity to acquire a rare, well maintained commercial property with roughly 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 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 - either for building expansion, renovations specific to future tenants, or for possible conversion of the building to residential apartments or condos. This is because 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 that there is ample underground capacity for both expansion or conversion, and the planning department has expressed support for both 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. High ceilings also allow for easy servicing and cable/plumbing runs - if or as desired. These in combination make it a low-maintenance, extremely affordable, and easy to manage asset. With windows replaced roughly 10 years ago, efficient forced air heating systems and cooling systems, upgraded 400amp electrical, ample parking, key location, plus enviable flexibility for a wide range of current and future usage options - this is a remarkable investment you don’t want to miss!
Contact Dan Salloum About MLS® A2247539
Dan Salloum, 403-807-0366 at RE/MAX HOUSE OF REAL ESTATE, 4034-16 st SW, Calgary, Alberta, T2T-4H4
property information
- Property Type: Mixed Use
- MLS®#: A2247539
- Year Built: 1962
- Lot Shape: Back Lane,Corner Lot,Low Maintenance Landscape,See Remarks
Community Information
- Address: 601 7 Street
- Neighbourhood: Riverview Park
- City: Drumheller
- Postal Code: T0J0Y5
interior
- Included: Exterior storage shed, power chair lift system
- Fireplace Details: For Sale
exterior
- Exterior Features: Back Lane, Corner Lot, Low Maintenance Landscape, See Remarks
- Exterior Finish: Brick, Concrete, Mixed, Wood Frame
- Construction: Brick,Concrete,Mixed,Wood Frame
- Roof: Flat Torch Membrane
- Frontage: 38.10M 125`0" metres
services & amenities
- Parking: (32 Total Parking Spaces)
- Heating: Forced Air,Natural Gas
- Heating: Forced Air, Natural Gas
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