How many hospitality properties are available for sale in Cypress County?

There are currently 0 hospitality properties available for sale in Cypress County, offering a unique opportunity for businesses to establish a presence.

Cypress County Hospitality Properties for Sale

More details for 411 N Railway St SE, Medicine Hat, AB - Hospitality for Sale

Address is c/o Grassroots Realty Group - 411 N Railway St SE

Medicine Hat, AB T1A 2Z3

Hospitality for Sale
$5,800,000 CAD
28,098 SF

Medicine Hat Hospitality for Sale

ACQUISITION COLES NOTES (Mixed-Use Hospitality + Residential) What you’re buying: A large-format mixed-use building (~28,000 sf) that pairs a proven hospitality venue (bar/restaurant/entertainment/catering/events) with a built-in residential rental component (13 apartments). A legacy operation with continuous history since 1980, positioned as a community hub and destination venue. Why it’s compelling: Multiple income engines under one roof: food & beverage + live entertainment + private events/buyouts + off-site catering + apartment rentals. Residential units add stability and reduce reliance on bar/restaurant sales alone. Heavy reinvestment has already been done—buyer steps into an asset with a “reset” capital timeline instead of inheriting deferred maintenance. Lease structure (key point): Single-tenant, TRUE NET lease. Landlord receives fixed rent: $240,000/year. Tenant is responsible for all operating costs, maintenance, and management. Tenant controls and keeps ALL revenue produced inside the building—including restaurant/bar, catering, events/venue income, and the apartment rental income. Result: simple, predictable ownership profile for an investor; operational upside remains with the operator. Residential component (stability + demand): 13 apartments total. 8 units are brand new via full demolition/rebuild; 5 additional units updated. Delivered completed prior to sale. Upgrades include modern systems (electrical/plumbing/mechanical), improved life-safety separation, sound attenuation, kitchenettes, laundry, and modern finishes. Long-term tenants reside, supporting stabilized occupancy and ongoing rental demand. Capital program already executed (risk removed): $600,000 commercial kitchen expansion completed in 2025 (capacity + efficiency; supports dine-in and catering). ~$2.44M residential demolition/rebuild program (major modernization of the residential component and related systems). ~$300K fire rating and exiting upgrades (life-safety compliance focus). Total reinvestment since 2024 appraisal: $3.3M+. Buyer takeaway: you’re not funding the heavy lift—major work is being completed pre-close. Value framing (simple narrative): Heritage building (100+ years) with modernized infrastructure—character retained, functionality upgraded. “Below replacement cost” story: substantial capital has been put in versus prior appraised condition, without the buyer taking on construction/permitting/overrun exposure. Clean closing / liabilities: No third-party operating debt. Only leased equipment noted: two dishwashers. Shareholder loans eliminated at closing (no lingering lender entanglements post-close). Who this fits: Owner-operator who wants real estate + operating business control. Hospitality group seeking a flagship venue with residential income diversification. Investor who values fixed net rent and simplified management (true net), with a tenant operating all business lines and rentals.