CATHIE CATALANO
(403) 581-8147
SOURCE 1 REALTY CORP.
403-526-9249
222 South Railway Street SE
Medicine Hat , Alberta T1A2V3
Medicine Hat , Alberta T1A2V3
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222 South Railway Street SE For Sale
$699,900
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.
Transaction Type
For Sale
For Sale
Days On Market
97
97
Zoning
MU-D
MU-D
Subdivision
SE Hill
SE Hill
Building Type
Mixed Use
Mixed Use
Year Built
1910
1910
Structure Type
Office
Office
Property Type
Commercial
Commercial
Property Sub Type
Mixed Use
Mixed Use
Legal Plan
1491
1491
Building Area (Sq. Ft.)
6392.00
6392.00
Building Area (Sq. M.)
593.83
593.83
Inclusions
All appliances, furnances, air conditioners, hot water tanks in suites and on main floor. All office furnishings.
All appliances, furnances, air conditioners, hot water tanks in suites and on main floor. All office furnishings.
Restrictions
None Known
None Known
Reports
Appraisal,Financial Statements,Floor Plans,Leases
Appraisal,Financial Statements,Floor Plans,Leases