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$699,900
Est. payment /mo
Active
222 South Railway ST SE Medicine Hat, AB T1A2V3
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UPDATED:
12/12/2024 07:15 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Se Hill
MLS® Listing ID A2177991
Originating Board Medicine Hat
Year Built 1910
Annual Tax Amount $10,984
Tax Year 2024
Property Description
This fully leased, mixed-use property in historic downtown Medicine Hat presents an exceptional investment opportunity with a 10% cap rate and immediate positive cash flow. The main floor features nine versatile offices, two large boardrooms or training rooms, two bathrooms, and a staff kitchen with a break area, all designed for maximum functionality. Accessibility is a key benefit, as the main floor is wheelchair-friendly, ensuring that the space can accommodate a wide range of businesses and clients.
The second floor offers a variety of residential options, including a spacious two-bedroom suite, a cozy one-bedroom suite, and two bachelor suites. Each residential unit is equipped with its own independent heating and cooling system, providing year-round comfort for tenants. A shared, coin-operated laundry room adds to the convenience for residents. The property also includes a full basement, which is perfect for additional storage or could be further developed to increase the building's value.
The modernized exterior of the property maintains its historic brick character, offering an appealing facade that complements the vibrant downtown setting. With its prime location, this property is ideal for someone looking to live upstairs while operating a business on the main floor. It offers a unique opportunity to be part of the thriving downtown community of Medicine Hat, making it an excellent addition to any investment portfolio. Don’t miss out on this turnkey opportunity to secure a property with immediate cash flow and long-term potential.
The second floor offers a variety of residential options, including a spacious two-bedroom suite, a cozy one-bedroom suite, and two bachelor suites. Each residential unit is equipped with its own independent heating and cooling system, providing year-round comfort for tenants. A shared, coin-operated laundry room adds to the convenience for residents. The property also includes a full basement, which is perfect for additional storage or could be further developed to increase the building's value.
The modernized exterior of the property maintains its historic brick character, offering an appealing facade that complements the vibrant downtown setting. With its prime location, this property is ideal for someone looking to live upstairs while operating a business on the main floor. It offers a unique opportunity to be part of the thriving downtown community of Medicine Hat, making it an excellent addition to any investment portfolio. Don’t miss out on this turnkey opportunity to secure a property with immediate cash flow and long-term potential.
Location
Province AB
County Medicine Hat
Zoning MU-D
Interior
Inclusions All appliances, furnances, air conditioners, hot water tanks in suites and on main floor. All office furnishings.
Exterior
Lot Frontage 27.99
Others
Restrictions None Known
Tax ID 91733500
Ownership Private
Listed by SOURCE 1 REALTY CORP.
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