Legacy Centre

645 3 Street SE, Medicine Hat, Alberta

Best return on investment commercial property in Medicine Hat!

Government funded, long-term tenants in place with great rental income.

Beautifully renovated 9,305 sqft building located in the heart of Medicine Hat's historic downtown core with over $150,000 in extensive renovations inside and out in 2016, including electrical, washrooms, kitchen, sound proofing and new roof. Included in this space is approximately 5,980 sq. ft. on the main floor, a 2,344 sq. ft. upper mezzanine and a 981 sq. ft. two bedroom suite on second floor. The main floor has been divided into 7 separate spaces, with more office area located on the mezzanine. Built in 1946 by former Mayor, Harry Veiner, to house "Hat Hardware" and raise his family in the two-bedroom suite. This historic building is a amazing investment opportunity in the heart of the revitalization of downtown Medicine Hat. City Hall, the Courthouse, Esplanade, Public Library, the banking district, parking lots, as well as numerous trendy restaurants and coffee shops and so much more are all within walking distance. Don't miss out on this unbelievable investment opportunity!

Property Details

MLS®
A2024382
Size
9,305 SQFT
List Price
$898,000
Zoning
MU-D
List Type
Commercial
Subdivision
SE Hill

Annual Property & Lease Data

About Medicine Hat

Medicine Hat is a thriving city of over 65,000 residents. Located in the beautiful South Saskatchewan River Valley.

Medicine Hat has much to offer residents, visitors and businesses alike. We boast an excellent climate, a safe and healthy community, vibrant arts and entertainment, and ample recreation and leisure opportunities.

Medicine Hat’s Historic Downtown architecture was primarily influenced by the arrival of the Canadian Pacific Railway in 1883 and subsequent clay and natural gas discoveries. Today, Medicine Hat’s Historic Downtown is home to a revived culture of creativity anchored by Medalta’s contemporary ceramic arts center, the Esplanade, and numerous studios and arts organizations in the downtown core.

As for downtown itself, many of those early rail-inspired brick buildings are still standing and occupied by independent retailers, coffee shops, studios, and breweries who have encouraged a new generation of creative expression. Many downtown business owners have invited local and international graffiti and mural artists to turn the exterior sides of their buildings into public artworks. The result is a bright collection of murals that express our local identity and culture.

Visit Tourism Medicine Hat for more information on things to do and see in this beautiful community.