$1,950,000.00 16,146 Sq.ft

1111 Kingsway Avenue SE, Medicine Hat. T1A2Y1

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.

Listing Information

Prop. Type:Commercial
Status:Active
MLS #:A2168638
City:Medicine Hat
Neighbourhood:NONE
Province:Alberta
Building/Unit Size: 16,146 sq.ft
Land Size:0.59 Acre
Listing Price:$1,950,000.00
Lease Rate: $0.00
Business Type:
Property Subtype:Office
Transaction Type:For Sale
Land Use Code:MU
Listing Contract Date:2024-09-25

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This listing is presented by CENTURY 21 BRAVO REALTY, courtesy of "AVISON YOUNG" listing brokerage.

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