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    Multipurpose (Office/Retail) Building For Sale In Downtown Lethbridge

    ■ Location : Lethbridge, AB

    ■ Asking Price : $1,650,000

    ■ Current Gross Income : $6,293/month - $75,516/year

    ■ Estimated Gross Income : $12,293 /month - $147,516/year

    ■ Size in square feet : 9,648 SF 

    • Hot Off-Market Offering
    • First time on the market for sale
    • Prestigious Lethbridge Downtown Area
    • Multipurpose (office/retail) building
    •Three Unit Single Story Office Building of 9648 SF (2,689 SF, 2,711SF, and 4,248 SF)
    • Large corner location and minutes to major traffic routes of 3rd Avenue S, 1st Avenue S, Highway 3, and Scenic Drive S.
    • Many uses permitted

    Multipurpose (office/retail) building in downtown Lethbridge is an exceptional investor opportunity to purchase a building that is 4248 SF leased for 5 years. This is the first time on market. Very well maintained building, close to all the amenities offered by Downtown Lethbridge (restaurants, shopping malls, various retail stores, government buildings and active life) and almost all amenities are within walking distance.

    To the right of this building is the huge central park where new facilities are being constructed. The building is a large corner location, just minutes to Highway 3, and Scenic Drive S with convenience parking in the front and/or side. It is very rare to find so many parking spaces in the city center. One of the parking spaces has been leased for several years at $693/month.

    The current gross income is $6,293/month and $75,516/year. When fully leased, the estimated gross incomes would be $12,293 /month and $147,516/year.

    This building is perfect for professional offices, retail stores, lawyers, realtors, builders, or mortgage companies and so many more!!

    There is an exterior renovation plan, which will be 50% subsidized by the CITY of Lethbridge.