954 7 Street Medicine Hat, Alberta T1A 7R7

57,241 ft2
Acreage

$7,250,000

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. (id:57810)

Property Details

MLS® Number A2283807
Property Type Business
Plan 832lk

Building

Constructed Date 1973
Size Exterior 57241 Sqft
Size Interior 57,241 Ft2
Total Finished Area 57241 Sqft

Land

Acreage Yes
Size Irregular 2.32
Size Total 2.32 Ac|2 - 4.99 Acres
Size Total Text 2.32 Ac|2 - 4.99 Acres
Zoning Description Highway Commercial District

https://www.realtor.ca/real-estate/29321908/954-7-street-medicine-hat

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