$1,950,000
1111 Kingsway AVE Southeast Medicine Hat, AB T1A2Y1
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$1,950,000
Est. payment /mo
0.59 Acres Lot
UPDATED:
10/03/2024 06:10 PM
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
MLS® Listing ID A2168638
Year Built 1979
Lot Size 0.590 Acres
Acres 0.59
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
County Medicine Hat
Zoning MU
Interior
Inclusions None
Building
Dwelling Type Mixed Use
Others
Restrictions None Known
Tax ID 91633551
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Listed by AVISON YOUNG
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