401-7 Street SW Medicine Hat AB
$619,900
An excellent opportunity to own the corner commercial building with the anchored tenant in a steady rental income
MLS:
A2141032
Region/Subdivision:
Medicine Hat/SW Hill
Total Floor Area:
Approx.5,360 sq.ft (498.14m2)
Possession Date:
30 days or negotiable
Lot size:
50 ft x 125 ft
Building Type:
Commercial Mix
Style:
Main floor plus mezzanine
Parking:
Parking in front of the building
Zoning:
MU
Rental income:
Basic rent $2,420/month
Year Built:
1953
Property Tax:
$9,581 (2024)
An excellent opportunity to own the corner commercial building with the anchored tenant in a steady rental income in this high traffic location in SW Hill- Medicine Hat , close to hospital , schools, transportation , easy off to the highway No. 1 . Lot size 50' by 125' with ample of the parking stalls in front the building . One side of the building is currently leased to the long term tenant , leased total area (approx. 2500 Sqft main floor, PLUS approx. 1000 sqft developed basement ), till July 31, 2028 with the option to renew for another 5 years. The other side of the building currently is vacant (approx. 2160 Sqft), with mezzanine/office (approx 700 sqft) and basement for additional storage area. This vacant side used to be an medical foot clinic , has 4 exam rooms, office, reception area, kitchen, bathroom, laboratory . It can be used any type of business --offices , dentist, lawyer firm, accountant, medical doctors, real estate , and more ... Roof has the updated rubber membrane and the roof top furnace/air-conditioning unit few years ago. please do not approach the tenant/any staffs, call the listing agent for more information OR to schedule a private showing.