JEN BOYLE
(403) 458-3974
GRASSROOTS REALTY GROUP
587-777-7276
28 3 Street NE
Medicine Hat , Alberta T1A5L8
Medicine Hat , Alberta T1A5L8
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28 3 Street NE For Sale
$1,150,000
Excellent opportunity to own a well-maintained commercial property in the heart of Riverside. This one-storey concrete block building offers a total of 5,428 sq ft and is situated on an 8,040 sq ft lot with 67 feet of frontage along 3rd Street NE. The property is demised into two separate bays: a 2,000 sq ft bay currently available for lease, and a 3,428 sq ft bay occupied by Riverside Medical Clinic. The building has undergone numerous renovations, including a 1,428 sq ft addition in 2010, and features quality finishes throughout.
Ideal for investors or owner-occupiers, this property provides immediate rental income from the established medical tenant, with the flexibility to lease out or occupy the vacant bay. The site includes off-street private parking for staff and ample on-street parking for clients and visitors. Located in a mature, mixed-use area with stable property values and low vacancy rates, the property is surrounded by established businesses, residential communities, and community amenities.
This is a turn-key opportunity in exceptional condition with no outstanding maintenance. Suitable for a variety of commercial uses, with strong potential for additional revenue or owner-occupied business operations.
Transaction Type
For Sale
For Sale
Title
Fee Simple
Fee Simple
Days On Market
1
1
Zoning
C-N
C-N
Subdivision
Riverside
Riverside
Building Type
Free-Standing
Free-Standing
Year Built
1961
1961
Structure Type
Mixed Use
Mixed Use
Property Type
Commercial
Commercial
Property Sub Type
Mixed Use
Mixed Use
Legal Plan
6844AT
6844AT
Building Area (Sq. Ft.)
5428.00
5428.00
Building Area (Sq. M.)
504.27
504.27
Lot Size (Sq. Ft.)
8040
8040
Lot Size (Acres)
0.18
0.18
Roof
Membrane,Rubber
Membrane,Rubber
Foundation
Slab
Slab
Cooling
Central Air
Central Air
Heating
Forced Air,Natural Gas
Forced Air,Natural Gas
Lot Features
Near Public Transit,Near Shopping Center
Near Public Transit,Near Shopping Center
Inclusions
N/A
N/A
Restrictions
None Known
None Known
Reports
Floor Plans,Leases,RPR with Compliance,Title
Floor Plans,Leases,RPR with Compliance,Title