3205 18 Avenue North
Lethbridge, AB
Land Parcel
Offering Summary
- Lot Size 2.79 Acres
- Zoning Business Industrial (I-B)
- Sale Price $1,100,000
- Taxes $24,241.11 (2024)
- NOI $63,250 Annual Average
- Possession Negotiable
Property Description
This industrial land parcel is leased to a strong, national tenant for a three-year lease, with flexibility at 18 months (September 2026). Average net income on the land lease over the three-year term is $63,250. In addition to the rent, tenant pays tax, maintenance and other operating costs associated with the site. The site itself is primed for future development for a single or multiple user facility. It is a fully graded site with all Lethbridge utility services available. The nearly square site dimensions of approximately 380 ’x 320’, with great frontage along 18th Avenue North, makes this parcel a flexible development site suitable for a variety of uses. The site is graveled, fully fenced and secure, features three catch basins for proper water management, and has two light poles on site.
Location Description
Industrial land located along 18th Avenue North in the Churchill Industrial Park with direct access to 28th Street North and 43rd Street North.
