Medicine Hat Realtor® Murray Shivak
call me now

403-878-9998

222 South Railway Street SE

eXp Realty

Currently Listed at $699,900

Description

This fully leased, mixed-use property in historic downtown Medicine Hat presents an exceptional investment opportunity with a 10% cap rate and immediate positive cash flow. The main floor features nine versatile offices, two large boardrooms or training rooms, two bathrooms, and a staff kitchen with a break area, all designed for maximum functionality. Accessibility is a key benefit, as the main floor is wheelchair-friendly, ensuring that the space can accommodate a wide range of businesses and clients.

The second floor offers a variety of residential options, including a spacious two-bedroom suite, a cozy one-bedroom suite, and two bachelor suites. Each residential unit is equipped with its own independent heating and cooling system, providing year-round comfort for tenants. A shared, coin-operated laundry room adds to the convenience for residents. The property also includes a full basement, which is perfect for additional storage or could be further developed to increase the building's value.

The modernized exterior of the property maintains its historic brick character, offering an appealing facade that complements the vibrant downtown setting. With its prime location, this property is ideal for someone looking to live upstairs while operating a business on the main floor. It offers a unique opportunity to be part of the thriving downtown community of Medicine Hat, making it an excellent addition to any investment portfolio. Don’t miss out on this turnkey opportunity to secure a property with immediate cash flow and long-term potential.

Property Listed by Cathie Catalano of Source 1 Realty Corp.

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  • 222 South Railway Street SE
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  • 222 South Railway Street SE
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  • 222 South Railway Street SE
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  • 222 South Railway Street SE
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  • 222 South Railway Street SE
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  • 222 South Railway Street SE
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  • 222 South Railway Street SE
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  • 222 South Railway Street SE
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Essential Information

MLS
A2177991
Price
$699,900
Lease / Buy
For Sale
Lot Shape
Year Built
1910
Type
Mixed Use

Inclusions

All appliances, furnances, air conditioners, hot water tanks in suites and on main floor. All office furnishings.

Construction

Location

Murray Shivak

Murray Shivak

eXp Realty

(403) 878-9998

[email protected]

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Murray Shivak

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403-878-9998

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403-878-9998

[email protected]

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Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS® System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™. The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.

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