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16 3 Street NE, Medicine Hat, AB, T1A 5L8

MLS® # A2090981
Commercial For Sale In Riverside, Medicine Hat, Alberta
$625,000
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
16 3 Street Ne, Medicine Hat, AB
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16 3 Street Ne, Medicine Hat, AB
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ACTIVE
16 3 Street NE, Medicine Hat, AB, T1A 5L8
$625,000

Property Information:

Well established Riverside business for sale!!! Included in the price is the business, building, & land!!! Currently operating as restaurant/pub this great Riverside location offers 3748 sqft of usable main floor space that has seen many renos over the years, as well as a full basement perfect for storage. A full updated commercial kitchen, 115 seating capacity, pub area, and space for local bands with a custom removable stage and entertainment make this business established as a local favourite. The current building has operated as a neighborhood pub since late 1999. The current owner purchased the property in early 2016 and has remained the operator since. The lower building was built in 1979 while the neighbouring side was first built around 1936 with an addition sometime in the mid 1980s. The two buildings were combined during this time as well with the interior archway you see today. The kitchen saw a major renovation in the summer of 2019 while the dining area and bar area were renovated in 2020 into 2021. The business enjoys serving a healthy amount of locals as well as tourists coming in off the 3rd Street highway exit. This is a TRUE NEIGHBOURHOOD PUB!

Inclusions: Available upon request

Property Features:

  • Built in: 1979
  • Business Type: Bar/Tavern/Lounge, Restaurant
  • Floor Space (approx): 3748.00 Square Feet
  • Zoning: C-N

Courtesy of: RE/MAX MEDALTA REAL ESTATE

Data provided by: Medicine Hat Real Estate Board Co-operative Ltd. 403 4th St. SE, Medicine Hat, Alberta T1A 0K5
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

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Market Price Trends

1 year changes compare the same month from the previous year. Find an agent in this area to receive more information.

Location of 16 3 Street NE, Medicine Hat, AB, T1A 5L8

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: High

29 hot days expected in 2050

Projected Storm Risk: Relatively Low

11 storms expected in 2050

Projected Heat Risk: High

29 hot days expected in 2050

52/100

High

ClimateCheck®

Current data

This property, 16 3 Street NE, experiences 7 hot days per year at around 33.5 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 29 hot days at 37.6 degrees Celsius.

Projected Avg. Temperature

Past
33.5℃
2050
37.6℃

# Hot Days Per Year

Past
7
2050
29

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Storm Risk: Relatively Low

11 storms expected in 2050

13/100

Relatively Low

ClimateCheck®

Current data

This property, 16 3 Street NE, experiences 10 significant 2-day storms per year, with about 151.1mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 11 significant 2-day storms with 172.1mm of precipitation per year.

Precipitation Per Storm

Past
151.1mm
2050
172.1mm

48-Hour Storms Per Year

Past
10
2050
11

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 16 3 Street NE, Medicine Hat, AB, T1A 5L8

Life Stage

Young Couples

Employment Type

Service Sector/White Collar

Average Household Income

$92,373.13

Average Number of Children

1.71

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

22.62 %

High school certificate or equivalent

30.58 %

Apprenticeship trade certificate/diploma

13.91 %

College/non-university certificate

19.25 %

University certificate (below bachelor)

0.08 %

University Degree

13.56 %

Commuter

Travel To Work

By Car

93.79 %

By Public Transit

0.0 %

By Walking

3.85 %

By Bicycle

0.0 %

By Other Methods

2.36 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

41.38 %

Houses

58.62 %

Own Vs. Rent

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