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773, 776 and 780 8 Street SW, Medicine Hat, AB, T1A 4M5

MLS® # A2134842
Commercial For Sale In SW Hill Kensington, Medicine Hat, Alberta
$4,600,000
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
773, 776 And 780 8 Street Sw, Medicine Hat, AB
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ACTIVE
773, 776 and 780 8 Street SW, Medicine Hat, AB, T1A 4M5
$4,600,000

Property Information:

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. All businesses and inclusions of the sale are sold together (portfolio sale). 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.

Inclusions: NA

Property Features:

  • Built in: 1964
  • Business Type: Hotel/Motel, Liquor Store, Restaurant
  • Property Access: Accessible to Major Traffic Route, Airport Nearby, Direct Access, Paved Road, Visual Exposure
  • Zoning: C-H

Courtesy of: RE/MAX Complete Realty

Data provided by: Calgary Real Estate Board 300 Manning Rd. NE, Calgary, Alberta T2E 8K4
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

Location of 773, 776 and 780 8 Street SW, Medicine Hat, AB, T1A 4M5

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, 773, 776 and 780 8 Street SW, 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, 773, 776 and 780 8 Street SW, experiences 10 significant 2-day storms per year, with about 152.1mm 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 172.9mm of precipitation per year.

Precipitation Per Storm

Past
152.1mm
2050
172.9mm

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.

Demographic Information of 773, 776 and 780 8 Street SW, Medicine Hat, AB, T1A 4M5

Life Stage

Midlife Families

Employment Type

Blue Collar/Primary, Blue Collar/Service Sector

Average Household Income

$93,423.98

Average Number of Children

2.02

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

17.1 %

High school certificate or equivalent

35.89 %

Apprenticeship trade certificate/diploma

11.06 %

College/non-university certificate

20.2 %

University Degree

15.75 %

Commuter

Travel To Work

By Car

77.82 %

By Public Transit

1.65 %

By Walking

19.42 %

By Bicycle

1.11 %

By Other Methods

0.0 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

44.89 %

Houses

55.11 %

Own Vs. Rent