Office For Sale For Lease Calgary Alberta

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Main Photo: 1111 Kingsway Avenue SE: Medicine Hat Office for sale : MLS®# A2168638
Photo 1: 1111 Kingsway Avenue SE: Medicine Hat Office for sale : MLS®# A2168638
Photo 2: 1111 Kingsway Avenue SE: Medicine Hat Office for sale : MLS®# A2168638
Photo 3: 1111 Kingsway Avenue SE: Medicine Hat Office for sale : MLS®# A2168638
Photo 4: 1111 Kingsway Avenue SE: Medicine Hat Office for sale : MLS®# A2168638
Photo 5: 1111 Kingsway Avenue SE: Medicine Hat Office for sale : MLS®# A2168638
Photo 6: 1111 Kingsway Avenue SE: Medicine Hat Office for sale : MLS®# A2168638
Photo 7: 1111 Kingsway Avenue SE: Medicine Hat Office for sale : MLS®# A2168638
Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2168638
Build. Type:
Commercial Mix
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.
Property Type:
Commercial
Property Sub Type:
Office
Transaction Type:
For Sale
Lease Measure:
Square Feet
Possession:
Possession Date:
Building Type:
Commercial Mix, Low Rise (2-4 stories), Mixed Use, Office Building
Total Building Area:
16,146 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
25,700 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
Acres Waste:
Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
1979 (Age: 45)
Bathrooms:
- (Full:-, Half:-)
Plan:
483M
Building Name:
The Monarch Building
Structure Type:
Mixed Use
Ensuite:
No
Garage:
0
NONE
None
None Known
Num. of Parcels:
0
Region:
Medicine Hat
Zoning:
MU
Listed Date:
Sep 25, 2024
Days on Mkt:
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Larger map options:
Listed by AVISON YOUNG
Data was last updated October 5, 2024 at 10:05 AM (UTC)
Data is supplied by Pillar 9™ MLS® System. Pillar 9™ is the owner of the copyright in its MLS®System. Data is deemed reliable but is not guaranteed accurate by Pillar 9™.
The trademarks MLS®, Multiple Listing Service® and the associated logos are owned by The Canadian Real Estate Association (CREA) and identify the quality of services provided by real estate professionals who are members of CREA. Used under license.