9
$795,000 Sale
Listed 20 days ago
640 3 Street SE
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Key Facts
Key facts for 640 3 Street SE
Property Type
Commercial
Parking
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MLS #
A2349636
Size
-
Basement
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Listed on
-
Lot size
-
Days on Market
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Year Built
1914
Maintenance Fee
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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 a...nd 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.
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Courtesy of: AVISON YOUNG
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