Business For Sale · Retail

216 S Railway Street SE, Medicine Hat

216 S Railway Street SE, Medicine Hat, AB T1A2V3

$150,000 total

1,520 SF

Asset Class

Retail

Size

1,520 SF

Building class

C

Zoning

CB1 — Low Intensity Business

$ / SF

$99

Occupancy

99%

Year Built

1910

About this property

Welcome to River Bee Books, an established bookstore business offering a beautifully updated space filled with warmth, character, and timeless charm! Thoughtfully designed to create a welcoming experience, this unique space features multiple quiet reading areas, beautiful furnishings and charming details throughout. Two large storefront windows fill the space with natural light, while a dimmable lighting system allows you to create the perfect ambiance for any occasion. Two retail checkout counters, a secure automated storefront gate, and a convenient 2pc bathroom add to the functionality of this space. With an established clientele and all the essential furnishings and fixtures already in place, the next owner has the opportunity to step in and bring their own vision to life, with book inventory to be purchased separately. The inviting atmosphere and versatile layout also offer great potential for hosting events, gatherings, and special occasions. Ideally situated in the heart of downtown Medicine Hat, surrounded by local coffee shops, boutique stores, restaurants, and retailers, this fantastic location offers the opportunity to become part of the downtown community. Imagine welcoming customers to browse the shelves, discover their next favourite read, settle into a cozy reading nook, and get lost in a great book! Whether you've always dreamed of owning a bookstore or are searching for a unique business venture, River Bee Book Store offers an incredible opportunity to turn that dream into reality. Your next chapter starts here! Buyers must assign the current lease, expiring April 30, 2029. (id:66811)

Financial sandbox

Adjust the deal assumptions — returns recalculate instantly.

Estimate
Purchase price$150K
Down payment30% · $45K
Interest rate6.25%
Amortization25 years
Occupancy99%
Expense growth2.5%

Monthly debt service

$693

Projected NOI

$9K

Annual cash flow

$247

Cash-on-cash

0.55%

DSCR

1.03

Going-in cap

5.71%

Figures are modelled from the listed price and asset class for illustration only. Verify all income, expenses, and financing terms independently before making an offer.

Rent roll (estimated)

TenantAreaExpiry
Vector Robotics574 SF2030-04
Vector Robotics400 SF2030-04
Vector Robotics400 SF2030-04
Vector Robotics400 SF2030-04

Area demographics

Trade area within 3 miles of the property.

Population

112,112

Households

39,628

Median income

$99,000

Median age

44.2

Daytime population

158,395

5-yr growth

8.8%

Modelled estimates for illustration until a licensed census data provider is connected.

Secure deal room

Confidential diligence documents for 216 S Railway Street SE, Medicine Hat.

NDA required
  • Offering Memorandum

    PDF · 4.2 MB

  • Rent Roll & T-12

    XLSX · 820 KB

  • Environmental Phase I

    PDF · 6.7 MB

  • Site Survey & Plans

    PDF · 11.4 MB

  • Zoning Confirmation Letter

    PDF · 310 KB

Preview experience — the electronic NDA is illustrative and is not a binding agreement.