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