Active Listing

500, 650 South Railway Avenue

500, 650 South Railway Avenue, Drumheller

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$2,500,000Price
8,329Sq Ft

We are pleased to present the opportunity for an investor to acquire a Commercial Retail Building located at 500, 650 South Railway Avenue in Drumheller, Alberta.

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We are pleased to present the opportunity for an investor to acquire a Commercial Retail Building located at 500, 650 South Railway Avenue in Drumheller, Alberta. Offered at an attractive 6.00% CAP rate. The offering consists of one freestanding building that is operating as a Mark’s Work Wearhouse. The tenant is operating on a long-term, carefree NNN lease providing a stable cash-flow investment. Commercial Retail Building located in a busy shopping area with other national businesses such as Canadian Tire, A&W, ATB, Boston Pizza, McDonalds, Edo Japan, and Quesada. Drumheller is nestled in the heart of Alberta’s Canadian Badlands, about 110km northeast of Calgary. It’s famously known as the Dinosaur Capital of the World - and it wears that title proudly, supporting a trade area of approximately 40,000 residents. The local economy features diverse industries including oilfield and agribusiness, enhanced by the surrounding hoodoos, canyons, and fossil-rich terrain that drive tourism and reinforce the area’s retail sector. PLEASE RESPECT TENANTS PRIVACY

Specifications

Property Details

Property TypeCommercial
Property SubtypeRetail
StructureRetail
Transaction TypeFor Sale
Living Area8,329 sq ft
Building Area8,329 sq ft
Year Built2018
Annual Taxes$25,782 (2025)
ZoningC4
PossessionNegotiable
Occupant TypeTenant
InclusionsCommercial Building Systems
Days on Market412
ListedJune 24, 2025
NeighbourhoodNONE
MLS NumberA2234301
The Location

NONE

500, 650 South Railway Avenue, Drumheller, Alberta, T0J0Y6

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Your Luxury Real Estate Specialist

Inquiries & Private Showings

Spencer Rivers

Calgary luxury real estate specialist. Whether you are looking to buy, sell, or simply want more information about this property, I am here to help.

Listing courtesy of HEARTLAND REAL ESTATE.

Listing Information

What are the annual property taxes?expand_more
The property taxes for 2025 are $25,782. Contact Spencer Rivers for the most recent assessment documents.
Is a private viewing available?expand_more
Yes, private viewings are available by appointment. Contact Spencer Rivers at 403-966-9237 or visit our contact page to schedule a showing.
What is the listing status?expand_more
This property is currently Active. MLS A2234301. Listed June 24, 2025. Listed by HEARTLAND REAL ESTATE.

Ask About This Property

Get in touch with Spencer Rivers for a private showing, detailed floor plans, or more information about this listing.

The data included on this website is deemed to be reliable, but is not guaranteed to be accurate by the Calgary Real Estate Board (CREB). The trademarks MLS, Multiple Listing Service and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Data last updated: August 30, 2026.