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$ 1,700,000
Est. payment | /mo
16,146 SqFt
$ 1,700,000
Est. payment | /mo
16,146 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Pending
Purchase Type For Sale
Square Footage 16,146 sqft
Price per Sqft $105
MLS Listing ID A2168638
Year Built 1979
Lot Size 0.590 Acres
Acres 0.59
Property Sub-Type Office
Property Description
Quality investment opportunity in a high traffic commercial location. This 16,146 +/- SF professional complex offers premium visibility along Kingsway Avenue SE, one of Medicine Hat's busiest corridors, with proximity to the downtown core and key retail districts. Anchored by established businesses such as Stantec, Dynamic Dance & Acrobatics, Encounter Chiropractic, and Sage & Willow Massage & Wellness, this investment includes a diversified tenant mix, ensuring stability and reduced vacancy risk. Almost fully leased, with the exception of two office suites and two co-work spaces, all tenants operate under a triple-net lease (excepting the co-work space), maximizing investor returns and minimizing landlord risk. Recent capital improvements include a modernized common area, washrooms, and kitchenette. Ample on-site parking provides significant value-add for tenants and their clientele, increasing the property's competitive edge in the local market. This property is a well-positioned asset for investors seeking stable income with growth potential, backed by solid tenants and professional upgrades in a sought-after commercial location.
Location
Province AB
Zoning MU
Interior
Inclusions None
Fireplace No
Exterior
Garage No
Building
Dwelling Type Mixed Use
Others
Restrictions None Known
Listed by AVISON YOUNG
FEATURED AREAS
NEWLY LISTED IN THE CALGARY AREA
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HOMES FOR SALE IN NORTHWEST CALGARY
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REVIEWS
Justin was prompt with his responses and clear with expectation for the process. It was a smooth and enjoyable selling experience with him. I have worked with couple other realtors before and I can say with confident Justin would be who I will use for any of my future transaction.
