776 8 St SW - Retail FOR SALE


Medicine Hat, AB T1A 4M6
$4,600,000 CAD
403-204-9323
776 8 St SW, Medicine Hat, AB for Sale
$4,600,000 CAD
Retail - FOR SALE
1/4
null | Request Cap Rate

776 8 St SW
Medicine Hat, AB T1A 4M6


HIGHLIGHTS

  • Extremely rare opportunity to acquire 4 businesses (portfolio sale of Hotel, Motel, Liquor Store & Restaurant) with real estate included!

OVERVIEW

Extremely rare opportunity to acquire 4 businesses (portfolio sale of Hotel, Motel, Liquor Store & Restaurant) with real estate included! Price includes land, building, business and equipment. Inventory of Liquor Store not included.. Situated 5 minutes away from Medicine Hat Regional Airport, 2 hours west of Swift Current and 3 hours east of Calgary. Located along Highway 1 with dedicated entry and exit. Close proximity to restaurants, gas stations, hospitals and shopping centres. Hotel: Hotel is currently operating as one of the choice hotels, Econo Lodge Inn & Suites. With excellent accessibility to Highway 1. Amenities include swimming pool, sauna, dedicated barbeque area. Single (34), Double bed (7), Double bed Kitchenette (15). Pet friendly and with free breakfast. With ample onsite parking available. Motel : Currently operating as TC Motel. Used for long term tenants. 15 rooms with kitchenettes and 3 without it. Recently renovated. Liquor Store: Currently operating as Bob's Liquor Store. 1,889 SqFt with 1,000 SqFt storage. Inventory is $450,000 approximately. One of the busiest liquor stores in the city. Restaurant: Stand alone restaurant building can be leased out to increase income. Previously charged $3,600 per month for a Triple Net Lease (NNN). Recently renovated in 2021. With full commercial kitchen with one walk-in cooler and freezer and 70+ occupancy. Former Italian restaurant. Now vacant to set up any kind of restaurant. With two designated handicapped washroom. **Econolodge inn and suites can be sold separately and Bob's liquor, Tc motel and restaurant can be sold as a separate portfolio **

FOR SALE DETAILS

PRICE

$4,600,000 CAD

PRICE/SF

$2,244 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,792 SF

ZONING

C-H

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Darin VazaPrestige Commercial GroupMore Info
403-204-9323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Darin VazaPrestige Commercial GroupMore Info
403-204-9323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.