Medicine Hat, AB T1A4K4,401 7 ST SW
Medicine Hat, AB T1A4K4,401 7 ST SW
Medicine Hat, AB T1A4K4,401 7 ST SW
$570,000
Est. payment /mo
$619,900
8.0%
Est.Price: ?

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SOLD DATE : 09/13/2024

Key Details

Sold Price $570,000

Property Type Commercial

Sub Type Office

Listing Status Sold

Purchase Type For Sale

Subdivision Sw Hill

MLS® Listing ID A2141032

Sold Date 09/13/24

Originating Board Calgary

Year Built 1953

Annual Tax Amount $9,581

Tax Year 2024

Property Description

An excellent opportunity to own the corner commercial building with the anchored tenant in a steady rental income in this high traffic location in SW Hill- Medicine Hat , close to hospital , schools, transportation , easy off to the highway No. 1 . Lot size 50' by 125' with ample of the parking stalls in front the building . One side of the building is currently leased to the long term tenant , leased total area (approx. 2500 Sqft main floor, PLUS approx. 1000 sqft developed basement ), till July 31, 2028 with the option to renew for another 5 years. The other side of the building currently is vacant (approx. 2160 Sqft), with mezzanine/office (approx 700 sqft) and basement for additional storage area. This vacant side used to be an medical foot clinic , has 4 exam rooms, office, reception area, kitchen, bathroom, laboratory . It can be used any type of business --offices , dentist, lawyer firm, accountant, medical doctors, real estate , and more ... Roof has the updated rubber membrane and the roof top furnace/air-conditioning unit few years ago. please do not approach the tenant/any staffs.

Location

Province AB

County Medicine Hat

Zoning MU

Exterior

Roof Type Membrane

Lot Frontage 50.0

Building

Lot Description Back Lane, Corner Lot, Flag Lot, Level, Street Lighting, Near Public Transit, See Remarks

Others

Restrictions Encroachment

Tax ID 91491342

Ownership Private

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Listed by RE/MAX Real Estate (Mountain View)

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Clint Nogier

+1(825) 445-4403

Agent | License ID: 493930

Agent License ID: 493930

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