For more information regarding the value of a property, please contact us for a free consultation.
401 7 ST SW Medicine Hat, AB T1A4K4
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
Key Details
Sold Price $570,000
Property Type Commercial
Sub Type Office
Listing Status Sold
Purchase Type For Sale
Subdivision Sw Hill
MLS® Listing ID A2141032
Sold Date 09/13/24
Originating Board Calgary
Year Built 1953
Annual Tax Amount $9,581
Tax Year 2024
Property Description
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.
Location
Province AB
County Medicine Hat
Zoning MU
Exterior
Roof Type Membrane
Lot Frontage 50.0
Building
Lot Description Back Lane, Corner Lot, Flag Lot, Level, Street Lighting, Near Public Transit, See Remarks
Others
Restrictions Encroachment
Tax ID 91491342
Ownership Private
Read Less