Active

1111 Kingsway Avenue SE

Medicine Hat Alberta, T1A2Y1

$1,950,000


$120.77 per sqft

Active

16,146 sqft

Commercial

Built in 1979

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.

A2168638

MLS ID

September 25, 2024

Listed

October 15, 2024

Updated

Map

1111 Kingsway Avenue SE
Medicine Hat Alberta, T1A2Y1

Interior Features

Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.59 Acres

Other Property Details

Days on Market

8


Garage

No


View

No


County

Medicine Hat


Pool

No


Zoning

MU

Courtesy of AVISON YOUNG, ADAM ANDREWS

Listing Contact:  

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Data last updated 12:03 AM UTC, 10/15/2024

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