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Active
546/548 2 ST SE Medicine Hat, AB T1A 0C6
UPDATED:
11/24/2024 07:15 AM
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Se Hill
MLS® Listing ID A2174689
Originating Board Medicine Hat
Year Built 1953
Annual Tax Amount $7,143
Tax Year 2024
Property Description
Prime Commercial Building in the heart of Downtown! This charming brick building presents an exceptional investment opportunity. With its inviting façade and strategic position, the property guarantees high foot traffic and visibility, making it an ideal location for a diverse range of businesses. The building features four distinct rental spaces, of which two are currently leased, providing immediate income. The remaining two units (street view/side) are available, allowing prospective business owners or investors to craft their vision. Additionally, the property is equipped with common areas & 2 conveniently located common bathrooms, ensuring comfort and accessibility for both tenants and visitors. The property has seen several significant updates that enhance its value and functionality over the years. A new membrane roof, fascia, front doors, and upper front windows were installed between 2014 and 2015. In 2020, lights were upgrade to LED, plus upper floor received a new furnace and air conditioning unit in 2018. Most recently, in 2024, a new rear door and air conditioning unit for the front suite were added, showcasing a commitment to upkeep and tenant satisfaction. Its prime downtown location places it within walking distance of a plethora of local shops, restaurants, and transportation options, making it an attractive destination for both tenants and customers alike. Don’t miss your chance to make your mark in the historic downtown. Current Rental Revenue = Tenant 1 - $950/Month & Tenant 2 - $605/Month = Total of $1555/Month. Call today for more information or to schedule a viewing, and take the first step toward securing this opportunity.
Location
Province AB
County Medicine Hat
Zoning MU-D
Interior
Cooling Central Air
Inclusions Air Conditioning- Cental X 3
Exterior
Roof Type Membrane
Others
Restrictions None Known
Tax ID 91612401
Ownership Other
Listed by ROYAL LEPAGE COMMUNITY REALTY