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Home AB Greater Medicine Hat Medicine Hat South East Hills
546/548 2 Street SE
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546/548 2 Street SE $249,900
$249,900
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546/548 2 Street SE
Medicine Hat, Alberta T1A0C6

MLS® Number: A2174689

Listing Description

Prime Commercial Building in the heart of Downtown! This charming brick building presents an exceptional investment opportunity. With its inviting façade and strategic position, the property guarantees high foot traffic and visibility, making it an ideal location for a diverse range of businesses. The building features four distinct rental spaces, of which two are currently leased, providing immediate income. The remaining two units (street view/side) are available, allowing prospective business owners or investors to craft their vision. Additionally, the property is equipped with common areas & 2 conveniently located common bathrooms, ensuring comfort and accessibility for both tenants and visitors. The property has seen several significant updates that enhance its value and functionality over the years. A new membrane roof, fascia, front doors, and upper front windows were installed between 2014 and 2015. In 2020, lights were upgrade to LED, plus upper floor received a new furnace and air conditioning unit in 2018. Most recently, in 2024, a new rear door and air conditioning unit for the front suite were added, showcasing a commitment to upkeep and tenant satisfaction. Its prime downtown location places it within walking distance of a plethora of local shops, restaurants, and transportation options, making it an attractive destination for both tenants and customers alike. Don’t miss your chance to make your mark in the historic downtown. Current Rental Revenue = Tenant 1 - $950/Month & Tenant 2 - $605/Month = Total of $1555/Month. Call today for more information or to schedule a viewing, and take the first step toward securing this opportunity. (29753239)

Property Summary

Property Type
Other
Building Type
Commercial Mix
Community Name
SE Hill
Subdivision Name
SE Hill
Land Size
Unknown
Built in
1953
Annual Property Taxes
$7,143
Time on REALTOR.ca
24 days

Building

Heating & Cooling
Cooling
Central air conditioning

Measurements

Square Footage
2875 sqft
Total Finished Area
2875 sqft
Exterior Building Size
2875 sqft

Land

Other Property Information
Zoning Description
MU-D
Data provided by: Pillar 9™
FRANK DEVINE