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Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Se Hill
MLS® Listing ID A2255281
Year Built 1970
Annual Tax Amount $39,680
Tax Year 2025
Property Sub-Type Mixed Use
Source Medicine Hat
Property 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%
Location
Province AB
County Medicine Hat
Zoning MU-D
Interior
Heating Boiler, Fan Coil, Forced Air, Hot Water, Natural Gas
Cooling Central Air
Exterior
Roof Type Tar/Gravel
Lot Frontage 118.99
Total Parking Spaces 29
Building
Foundation Poured Concrete
Structure Type Brick,Concrete
Others
Restrictions See Remarks
Tax ID 102723459
Ownership Other
Listed by ROYAL LEPAGE COMMUNITY REALTY