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CAD 199,900

550C Allowance Avenue SE
Medicine Hat, Alberta

Property Description

Price Reduced! Great Investment opportunity! 2300 Square foot commercial building with long standing tenant and lease in place until November 2026. There is 500 square feet of space in the building currently vacant and actively for lease, but could also be a perfect space to start up a small business. Vacant space has previously been approved for a liquor store, and was previously a laundromat. Asking price includes brand new updated security system installed with cameras, 2 updated air conditioning units, 2xforced air furnaces, low maintenance stucco exterior, rolled asphalt roof inspected and repaired where necessary in 2016. Basement includes 3 additional rooms + bathroom and storage areas that can be rented for additional revenue . Great potential with this property and could be nice addition to an investors portfolio. Please contact listing agent for more details on the revenues and expenses of the property as well as the land use bylaws for the vacant space. (id:885)

Courtesy of ROYAL LEPAGE COMMUNITY REALTY

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Property Details

ID #
A1174480
Status
For Sale
Postal Code
T1A3C3
Building Area
2,318ft2
Year Built
1946
Building Structure
Stucco
Cooling Type
Central air conditioning
Heating Fuel
Natural gas
Heating Type
Forced air
Lease Type
Net
Ownership Type
Freehold
Plan
58552
Size Exterior
2318 sqft
Total Finished Area
2318 sqft
Zoning Description
C-N
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