How many hospitality properties are available for sale in T1A?

There are currently 1 hospitality properties available for sale in T1A, offering a unique opportunity for businesses to establish a presence.

How big are the hospitality properties available for sale in T1A?

The average size of hospitality properties available for sale in Medicine Hat is about 28,098 SF. The largest hospitality properties available to buy is 28,098 SF and the smallest is 28,098 SF. The size of the space youll need will depend on a variety of factors including number of employees, amenities required, parking requirements, etc.

T1A 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.