1/3723 1 Street SE, Medicine Hat
723 1 Street SE, Medicine Hat, AB T1A0B3
Price on request
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Asset Class
Land
Size
—
Building class
B
Zoning
AG — Agricultural
$ / SF
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Occupancy
88%
Lot Size
0.39 ac
About this property
Prime vacant lot for lease just off Maple Ave, adjacent to Tim Hortons and the Canadian Legion. Located in a high-traffic area, perfect for retail or commercial development. Excellent visibility and accessibility in a bustling neighborhood. Don’t miss this opportunity for a strategic high visible location! The lot measures 150 ft x 115 ft, offering 17,000 sqft. (Please note the building on the corner of the lot has been removed.)The landlord is open to build-to-suit opportunities for the right tenant, and is also willing to consider additional lot improvements — including fencing — to meet the needs of your business. (id:66811)
Financial sandbox
Adjust the deal assumptions — returns recalculate instantly.
Monthly debt service
$7K
Projected NOI
$74K
Annual cash flow
$-10K
Cash-on-cash
-2.11%
DSCR
0.89
Going-in cap
4.91%
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.
Area demographics
Trade area within 3 miles of the property.
Population
96,122
Households
36,889
Median income
$108,000
Median age
34.4
Daytime population
108,153
5-yr growth
6.1%
Modelled estimates for illustration until a licensed census data provider is connected.
Secure deal room
Confidential diligence documents for 723 1 Street SE, Medicine Hat.
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.