502 South Railway Street Se, Medicine Hat, Alberta

$275,000

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0.17

Acres

About 502 South Railway Street Se

A Fantastic Investment Opportunity Awaits! Discover the potential of this free-standing downtown building, a property with a rich history as a restaurant and lounge. With its unique walk-out layout, this space offers incredible versatility, featuring two separate entrances for multi-use possibilities. Whether you're looking to invest in a property with endless potential or seeking a lease opportunity, this landmark is ready to inspire. The building has been largely stripped down to its bare bones, providing a blank slate for your vision. Highlights include: Parking options: Dedicated parking lot in front, ample on-street parking, and several nearby lots. Washrooms on all levels, ensuring convenience for any use. Basement: Equipped with washrooms, storage, and a utility room. Main floor: Former kitchen space (equipment removed but utility infrastructure intact), perfect for a restaurant or lounge setup, and a cozy seating area. Upper level: Features an iconic dance floor/stage, additional washrooms, an open area, and a separate entrance. While some work is needed to restore this local gem to its former glory, the possibilities are truly endless. Whether you're dreaming of a trendy restaurant, a vibrant entertainment venue, or a multi-use commercial space, this property can make it happen. Also available for lease! Contact your REALTOR® today to schedule a tour of this exciting opportunity and bring your vision to life.

Features of 502 South Railway Street Se

MLS® # A2205833
Price $275,000
Bathrooms 0.00
Acres 0.17
Year Built 1920
Type Commercial
Sub-Type Mixed Use
Status Active

Community Information

Address 502 South Railway Street Se
Subdivision SE Hill
City Medicine Hat
County Medicine Hat
Province Alberta
Postal Code T1A 2V6

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Forced Air, Natural Gas
Cooling Central Air
Fireplace No
Has Basement No

Exterior

Roof Asphalt Shingle, Tar/Gravel

Additional Information

Date Listed March 25th, 2025
Days on Market 21
Zoning MU-D
Foreclosure No
Short Sale No
RE / Bank Owned No

Listing Details

OfficeCIR REALTY

Listing Map