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Additional details
$ 275,000
Est. payment /mo
Active
502 South Railway ST SE Medicine Hat, AB T1A 2V6
7,476 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
Subdivision Se Hill
MLS® Listing ID A2205833
Originating Board Medicine Hat
Year Built 1920
Annual Tax Amount $6,113
Tax Year 2024
Lot Size 7,476 Sqft
Acres 0.17
Property Sub-Type Mixed Use
Property Description
A Fantastic Investment Opportunity Awaits! Discover the potential of this free-standing downtown building, a property with a rich history as a restaurant and lounge. With its unique walk-out layout, this space offers incredible versatility, featuring two separate entrances for multi-use possibilities. Whether you're looking to invest in a property with endless potential or seeking a lease opportunity, this landmark is ready to inspire. The building has been largely stripped down to its bare bones, providing a blank slate for your vision. Highlights include: Parking options: Dedicated parking lot in front, ample on-street parking, and several nearby lots. Washrooms on all levels, ensuring convenience for any use. Basement: Equipped with washrooms, storage, and a utility room. Main floor: Former kitchen space (equipment removed but utility infrastructure intact), perfect for a restaurant or lounge setup, and a cozy seating area. Upper level: Features an iconic dance floor/stage, additional washrooms, an open area, and a separate entrance. While some work is needed to restore this local gem to its former glory, the possibilities are truly endless. Whether you're dreaming of a trendy restaurant, a vibrant entertainment venue, or a multi-use commercial space, this property can make it happen. Also available for lease! Contact your REALTOR® today to schedule a tour of this exciting opportunity and bring your vision to life.
Location
Province AB
County Medicine Hat
Zoning MU-D
Interior
Heating Forced Air, Natural Gas
Cooling Central Air
Exterior
Roof Type Asphalt Shingle,Tar/Gravel
Lot Frontage 33.01
Others
Restrictions See Remarks
Tax ID 91229209
Ownership Private
Listed by CIR REALTY