$2,100,000
$2,500,000
16.0%For more information regarding the value of a property, please contact us for a free consultation.
0.93 Acres Lot
SOLD DATE : 11/23/2023
Key Details
Sold Price $2,100,000
Property Type Commercial
Sub Type Mixed Use
Listing Status Sold
Purchase Type For Sale
Subdivision Ross Glen
MLS® Listing ID A2084961
Sold Date 11/23/23
Year Built 1996
Annual Tax Amount $33,913
Tax Year 2023
Lot Size 0.930 Acres
Acres 0.93
Property Sub-Type Mixed Use
Source Medicine Hat
Property Description
This prime, 14,000f2 commercial plaza is for sale! The property is comprised of 14 condominium units that are each approximately 1,000f2 of main floor space and 12 of the 14 units have additional 300-400f2 of mezzanine space. The property is being sold in its entirety as it has been owned by one owner using it as a rental property since 2000. There is no reserve fund/study and the bylaws on title have not been updated. Current tenants are office and retail users with only two vacant bays which are being marketed for lease at $12.00/f2 NNN. Most units have been updated and the property is being professionally managed. The HVAC units were new in 2006 and have been regularly maintained. Major roof repairs have been performed and new sign cabinets were installed in the last few years. Electrical is 3 phase 600 amp (to be verified by purchaser). Don't miss this opportunity to grab an amazing commercial property for your portfolio!
Location
Province AB
County Medicine Hat
Zoning MU
Interior
Heating Forced Air
Exterior
Roof Type Metal
Lot Frontage 163.0
Building
Foundation Slab
Structure Type Stucco,Wood Frame
Others
Restrictions Easement Registered On Title,Restrictive Covenant,Utility Right Of Way
Tax ID 83515708
Ownership Private
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