Medicine Hat, AB T1A2V3,222 South Railway ST SE
Medicine Hat, AB T1A2V3,222 South Railway ST SE
Medicine Hat, AB T1A2V3,222 South Railway ST SE
Medicine Hat, AB T1A2V3,222 South Railway ST SE
Medicine Hat, AB T1A2V3,222 South Railway ST SE
Medicine Hat, AB T1A2V3,222 South Railway ST SE
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$ 699,900
Est. payment | /mo

Save
$ 699,900
Est. payment | /mo
Save

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Subdivision Se Hill

MLS® Listing ID A2177991

Originating Board Medicine Hat

Year Built 1910

Annual Tax Amount $10,984

Tax Year 2024

Property Description

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.

Location

Province AB

County Medicine Hat

Zoning MU-D

Interior

Inclusions All appliances, furnances, air conditioners, hot water tanks in suites and on main floor. All office furnishings.

Exterior

Lot Frontage 27.99

Others

Restrictions None Known

Tax ID 91733500

Ownership Private

Listed by SOURCE 1 REALTY CORP.

GET MORE INFORMATION

Justin Newman

Agent | License ID: 00540392

+1(403) 668-1272

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REVIEWS

Justin Newman was wonderful to work with. He helped us through an emotional time as we had to sell our family home that my parents had lived in for over 50 years. His vast experience and knowledge was valuable throughout this process. He walked us through everything and answered all questions in a manner that was easy to understand. He always made himself available and we appreciated his insight. He told us what was needed to sell the home and, when we were ready, listed the home in a wide variety of online venues. The photos and drone views of the home and area were incredible and added to helping to sell our family home quickly. He held open houses in a very short period of time after listing it, and also helped us navigate the multiple offers we received. Our family home sold quickly. We have nothing but positive things to say about the honesty, trustworthiness, and integrity of Justin and would highly recommend him if you are looking to sell or buy a home. We would not hesitate to use his services again.

Dean Hunter