116 - 120 8th Street South

Lethbridge, Alberta

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Building

Property Summary

  • Total Building Size 8,775 SF
  • Zoning Downtown Commercial
  • Sale Price $824,999 CAD
  • Lease Price $12.00 PSF
  • Current Gross Income $57,288
  • Projected Gross Income $125,000
  • Operating Expenses $25,000 per year
  • Possession Negotiable

Overview

This two-story commercial building has multiple tenants in place and offers a great investment opportunity. A brand new intercom system for enhanced safety and access control has been installed. The projected net income is $110,000 with current expenses estimated at $25,000 per year. This property would be suitable for an owner-user because there is 3,636 SF available for lease.


The subject property offers an excellent downtown location with convenient access from Stafford Drive, Highway 3, and 3rd Avenue South. Quality neighbouring businesses include Peak Physical Therapy, Chrome Salon + Spa, Wingate by Wyndham Hotel, Professional Optical, Modern Chinese, CASA, Park Place Mall, and Sister's Pub & Grill.

Property Highlights

Stair access to all floors

Shared second-floor washrooms
Off Street parking (Zone 3)

Conveniently accessible location

Availabilities

Available

Unit 200

Space Type

Office

Unit/Suite

Unit 200

Total Size

1,175 sqft

Available

Unit 200

Total Size

1,175 sqft

Space Type

Office

Unit/Suite

Unit 200

Available

Unit 208

Space Type

Office

Unit/Suite

Unit 208

Total Size

2,060 sqft

Available

Unit 208

Total Size

2,060 sqft

Space Type

Office

Unit/Suite

Unit 208

Location Map

Downloads

Sale Brochure

Lease Brochure

Team

Jeremy Roden

Executive Vice President
Avison Young - CA - AB - Lethbridge
403 942 0293

Ashley Soames

Senior Associate
Avison Young - CA - AB - Lethbridge
403 942 6692

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