1137-1139 Kingsway Av SE - Retail FOR SALE


Medicine Hat, AB T1A 2Y1
$799,000 CAD
403-458-3974
1137-1139 Kingsway Av SE, Medicine Hat, AB for Sale
$799,000 CAD
Retail - FOR SALE
1/1
null | Request Cap Rate

1137-1139 Kingsway Av SE
Medicine Hat, AB T1A 2Y1


OVERVIEW

Welcome to 1137 & 1139 Kingsway Ave SE, with a bonus house at 714 12th Street, ALL ON ONE TITLE!!! Such a rare opportunity to own a mixed-use property that combines commercial potential with residential convenience, located on a high-traffic street for maximum visibility. Previously used as an automotive service center, this property is perfectly equipped for a range of business ventures, thanks to its expansive layout, ample parking, and versatile spaces. WITH 2 CIVIC ADDRESSES AND SEPERATED UTILITIES, THIS BUILDING COULD BE DEMISED FOR 2 OR MORE BUSINESSES! The commercial property features an impressive 5,827 sq. ft. above grade, with a spacious main floor offering 4,557 sq. ft. that includes multiple shop bays, service areas, and workspaces. These are well-suited for automotive services or can be adapted to suit other business needs, such as retail, workshop, or office space. Additionally, the upper floor adds another 1,270 sq. ft. of storage and utility rooms, providing ample space for inventory, tools, or back-end operations. There is a total of 7 Overhead doors, ranging from 8x8 up to 12 x 12, providing endless occupancy opportunities. For the residential investment, you’ll find an 812 sq. ft. living area that serves as a private sanctuary or potential income property. This comfortable residence includes a cozy living room, a well-equipped kitchen and dining area, two spacious bedrooms, and a full bathroom. The 786 sq. ft. lower floor offers additional storage, a family room, laundry/utility area, and even more flexibility for any residential revenue or owner occupied needs! With separate entrances and thoughtful layout, the residential unit is ideal for rental income or for business owners looking for convenient on-site living. A key highlight of this property is the convenience of off-street parking, providing easy access for both customers and residents. With plenty of parking space, you can accommodate your clients’ needs without congestion, making it ideal for a customer-facing business. The combination of commercial and residential spaces offers a unique investment opportunity with multiple income streams, whether through the on-site residence, business operation, or potential rental options. Located in a thriving area of SE Kingsway, this property is designed for the ambitious entrepreneur or investor seeking maximum versatility and potential. Explore the endless possibilities at 1137 + 1139 Kingsway Ave SE and envision your business or investment future in this one-of-a-kind property! This property is available for lease as well, with entire building or one of two sides available.

FOR SALE DETAILS

PRICE

$799,000 CAD

PRICE/SF

$120 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

SPRINKLERS

-

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.29 AC

LAND SF

12,751 SF

ZONING

MU

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Jennifer BoyleGrassroots Realty GroupMore Info
403-458-3974

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Jennifer BoyleGrassroots Realty GroupMore Info
403-458-3974

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.