Space
Finished area and layout
- Building Area
- 9,173 sqft
- Above Grade
- 9,173 sqft
- Finished Breakdown
- Above 9,173 sqft
+44 more
9,173 sqft
Building Area
1977
Year Built
Property Snapshot
Key details for this listing
MLS #A2336371
Property
Type, style and structure
- Type
- other
- Style
- other / Mixed Use
- Year Built
- 1977
About This Property
This other in Lethbridge offers 9,173 sqft of building area. Built in 1977.
MLS Remarks
Exceptional commercial investment opportunity in Lethbridge's warehouse district. This offering includes 3 separate income producing buildings under one condominium structure, ideally positioned on a corner lot just off 3rd Avenue with quick access to Highway 3 (Crowsnest Trail). Combined daily traffic exceeds 40,000 vehicles across both routes, providing outstanding visibility and exposure for tenants.Ample parking surrounds the property, benefiting both existing tenants and future customer traffic. All 3 buildings are leased, with tenants responsible for their proportionate share of property tax, insurance, and operating expenses. Rents are currently below market value, offering strong potential for income growth as leases renew.Net operating income reflects a 5.40% cap rate at the listed purchase price of $1.8M.The property features newer heating systems throughout, along with a partial roof replacement completed approximately 4 years ago, carrying an expected life span of 20 years. Ongoing maintenance and care are evident throughout.The condominium structure also provides flexibility for future ownership, allowing the buildings to be sold individually down the road if desired. A rare opportunity to acquire a diversified, multi tenant asset in one of Lethbridge's most accessible commercial corridors. Be sure to checkout the YouTube video & let’s discuss how we can add this amazing commercial property to your portfolio! (id:60351)
Full Listing Details
Address1-3, 1416 2 Avenue S
MLS#A2336371
Listing StatusActive
Property TypeOther
TransactionSale
Days on Market75
Annual Tax$33,463 (2026)
Structure TypeCommercial Mix
StyleMixed Use
Year Built1977
Living Area9,173 sqft
Above Grade Area9,173 sqft
CityLethbridge
ProvinceAlberta
Postal CodeT1J0E9
SubdivisionUpper Eastside
Zoning DetailsC-G
Annual Tax$33,463 (2026)
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