MATT TEEL
(403) 878-6679
ROYAL LEPAGE COMMUNITY REALTY
403-528-4222
578-580 3 Street SE
Medicine Hat , Alberta T1A 0H3
Medicine Hat , Alberta T1A 0H3
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578-580 3 Street SE For Sale
$790,000
Prime Downtown Opportunity! Welcome to the RBC Building, a well maintained corner property in the heart of Medicine Hat’s historic downtown. Offering exceptional visibility and access, this mixed use zoned (MU-D) building provides endless possibilities for a wide range of businesses. Patrons will appreciate convenient elevator access(Inspected Annually and updated in 2014), while staff benefit from nearby employee parking located within one block. A sizable onsite parking lot (20 customer stalls & 8 assigned stalls) ensures client convenience. Known for its long standing presence and upkeep over the years, this property is an outstanding chance to secure a piece of downtown’s heritage while positioning your business for success. The building tenancies provide a good mix of professional tenants - Dental, Accounting, Health Care, Counselling. Mix of Fixed & Month to Month Leases - Anchor Tenant RBC Lease expires April 2031 - Current Cap Rate Approximately 6%
Transaction Type
For Sale
For Sale
Zoning
MU-D
MU-D
Subdivision
SE Hill
SE Hill
Year Built
1970
1970
Structure Type
Low Rise (2-4 stories)
Low Rise (2-4 stories)
Property Type
Commercial
Commercial
Property Sub Type
Mixed Use
Mixed Use
Legal Plan
1491
1491
Building Area (Sq. Ft.)
16605.00
16605.00
Building Area (Sq. M.)
1542.64
1542.64
Parking
7
7
Construction Type
Brick,Concrete
Brick,Concrete
Roof
Tar/Gravel
Tar/Gravel
Foundation
Poured Concrete
Poured Concrete
Cooling
Central Air
Central Air
Heating
Boiler,Fan Coil,Forced Air,Hot Water,Natural Gas
Boiler,Fan Coil,Forced Air,Hot Water,Natural Gas
Commercial Amenities
Elevator Passenger,Emergency Lighting
Elevator Passenger,Emergency Lighting
Inclusions
N/A
N/A
Restrictions
See Remarks
See Remarks
Reports
Leases,Title
Leases,Title