1111 Kingsway Avenue , Medicine Hat, AB T1A2Y1
Medicine Hat, AB T1A2Y1
Description
Quality investment opportunity in a high traffic commercial location. This 16,146 +/- SF professional complex offers premium visibility along Kingsway Avenue SE, one of Medicine Hat’s busiest corridors, with proximity to the downtown core and key retail districts. Anchored by established businesses such as Stantec, Dynamic Dance & Acrobatics, Encounter Chiropractic, and Sage & Willow Massage & Wellness, this investment includes a diversified tenant mix, ensuring stability and reduced vacancy risk. Almost fully leased, with the exception of two office suites and two co-work spaces, all tenants operate under a triple-net lease (excepting the co-work space), maximizing investor returns and minimizing landlord risk. Recent capital improvements include a modernized common area, washrooms, and kitchenette. Ample on-site parking provides significant value-add for tenants and their clientele, increasing the property’s competitive edge in the local market. This property is a well-positioned asset for investors seeking stable income with growth potential, backed by solid tenants and professional upgrades in a sought-after commercial location.
Details
| Mls | A2168638 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Buildingname | The Monarch Building |
| Subtype | Resale |
| Status | Active |
| Year | 1979 |
| Days On Site | 71 |
| Listing Provided By | AVISON YOUNG | ADAM ANDREWS |
Features
| Sq Feet | 16,146 |
|---|---|
| Zoning | MU |
| Acreage | 0.59 |
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Learn More About This Property
| State | AB |
|---|---|
| County | Medicine Hat |
| City | Medicine Hat |
| Zip Code | T1A2Y1 |
| Area | Medicine Hat |
| Listing VS Median (in T1A2Y1) | |
Price: $1,950,000 low | high Med: $1,400,000 SqFt: 16,146 low | high Med: 10,987 $ / SqFt: $121 low | high Med: $133 On Site: 71 low | high Med: 50.000000 | |
