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$ 795,000
Est. payment | /mo
14,643 SqFt
$ 795,000
Est. payment | /mo
14,643 SqFt
Key Details
Property Type Commercial
Sub Type Office
Listing Status Active
Purchase Type For Sale
Square Footage 14,643 sqft
Price per Sqft $54
MLS Listing ID A2349636
Year Built 1914
Property Sub-Type Office
Property Description
Receivership Sale - Positioned in the heart of Downtown Medicine Hat,this property presents a rare opportunity to acquire a substantial,professionally renovated office building with exceptional flexibility for both investors and owner-users. Originally constructed in 1914,this distinctive brick and ICF building combines historic character with extensive modern upgrades and a highly functional office layout.
Offering approximately 14,698 SF of developed office space across three levels,the property provides an impressive combination of private offices,collaborative work areas,multiple meeting spaces,reception areas,lunchrooms and supporting amenities. The current configuration includes approximately 41 private offices and two boardrooms,providing the flexibility to accommodate a single corporate user,multiple tenants,professional services firms,or a shared-office/co-working model.
Significant improvements have been completed,including updated flooring,windows,HVAC,metal roofing,Cat6/fibre connectivity,CCTV,secure access systems and a dedicated IT room. More than $200,000 in improvements were completed in 2024,creating a modern,turnkey environment for today's business requirements.
The property's MU-D zoning and central downtown location further enhance its versatility. With convenient access to downtown amenities,services,parking and transportation,this is an ideal setting for professional services,corporate offices,financial services,technology companies,training organizations and other businesses seeking a prominent Medicine Hat location.
Whether you're looking to occupy the building,consolidate multiple offices,generate rental income,or create a flexible multi-tenant workspace,640 3 Street SE offers the scale,location and infrastructure to support a wide range of strategies.
Offering approximately 14,698 SF of developed office space across three levels,the property provides an impressive combination of private offices,collaborative work areas,multiple meeting spaces,reception areas,lunchrooms and supporting amenities. The current configuration includes approximately 41 private offices and two boardrooms,providing the flexibility to accommodate a single corporate user,multiple tenants,professional services firms,or a shared-office/co-working model.
Significant improvements have been completed,including updated flooring,windows,HVAC,metal roofing,Cat6/fibre connectivity,CCTV,secure access systems and a dedicated IT room. More than $200,000 in improvements were completed in 2024,creating a modern,turnkey environment for today's business requirements.
The property's MU-D zoning and central downtown location further enhance its versatility. With convenient access to downtown amenities,services,parking and transportation,this is an ideal setting for professional services,corporate offices,financial services,technology companies,training organizations and other businesses seeking a prominent Medicine Hat location.
Whether you're looking to occupy the building,consolidate multiple offices,generate rental income,or create a flexible multi-tenant workspace,640 3 Street SE offers the scale,location and infrastructure to support a wide range of strategies.
Location
Province AB
County 0217
Zoning MU-D
Direction SE
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Office
Others
Restrictions None Known
Listed by AVISON YOUNG
Nearby Locations