10
See all 10 photos
$7,250,000
Est. payment /mo
57,241 SqFt
Active
954 7 ST Medicine Hat, AB T1A 7R7
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Key Details
Property Type Commercial
Sub Type Hotel/Motel
Listing Status Active
Purchase Type For Sale
Square Footage 57,241 sqft
Price per Sqft $126
MLS Listing ID A2283807
Year Built 1973
Lot Size 2.320 Acres
Acres 2.32
Property Sub-Type Hotel/Motel
Property Description
Strategically located directly on Highway 1 at the entrance of the city,this impeccably maintained 66-room full-service franchise hotel (including 13 kitchenette suites) offers a rare blend of steady hospitality income and massive upside potential. The property features an indoor pool and hot tub,a 3,600 sqft restaurant providing steady rental income,and a 7,000 sqft banquet space with stunning views. A major value-add opportunity exists in the 8,500 sqft main floor space,formerly a popular nightclub,which has a high potential for reopening to meet high local demand. Ideally timed for the 2026 approval of the $131.5 million Saamis Solar Project in Medicine Hat area,this hotel is perfectly positioned to house the influx of specialized workers and corporate travellers arriving for one of Canada's largest urban solar developments.
Location
Province AB
Zoning Highway Commercial Distri
Interior
Fireplace No
Exterior
Garage No
Building
Dwelling Type Hotel/Motel
Others
Restrictions None Known
Listed by CIR Realty
Nearby Locations
" You figure out where you want to live, and I'll figure out how to get you there! "
1816 Crowchild Trail NW # 700, Calgary, T2M, 3Y7, Canada