Property Details

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578-580 3 Street SE
Medicine Hat (A2255281)

$790,000
16,605 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

Prime Downtown Opportunity! Welcome to the RBC Building, a well maintained corner property in the heart of Medicine Hat’s historic downtown. Offering exceptional visibility and access, this mixed use zoned (MU-D) building provides endless possibilities for a wide range of businesses. Patrons will appreciate convenient elevator access(Inspected Annually and updated in 2014), while staff benefit from nearby employee parking located within one block. A sizable onsite parking lot (20 customer stalls & 8 assigned stalls) ensures client convenience. Known for its long standing presence and upkeep over the years, this property is an outstanding chance to secure a piece of downtown’s heritage while positioning your business for success. The building tenancies provide a good mix of professional tenants - Dental, Accounting, Health Care, Counselling. Mix of Fixed & Month to Month Leases - Anchor Tenant RBC Lease expires April 2031 - Current Cap Rate Approximately 6%

Property details

Basic Info

MLS® #
A2255281
Property Type:
Commercial
Subtype:
Mixed Use
Subdivision:
SE Hill
Price
$790,000
Sale/Lease:
For Sale
Size:
16,605 sq.ft.
Year Built:
1970 (55 years old)

Building Info

Structure Type:
Low Rise (2-4 stories)
Building Name:
Royal Bank Building
Garage:
No
Fence:
Basement:
No
Inclusions:
N/A

Lot / Land Info

Zoning:
MU-D

Materials & Systems

Roof:
Tar/Gravel
Exterior:
Brick,Concrete
Foundation:
Poured Concrete
Heating:
Boiler, Fan Coil, Forced Air, Hot Water, Natural Gas
Cooling:
Central Air

Listing Info

Possession:
Immediate,Negotiable,Subject To Tenancy
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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