116 - 120 8th Street South
Lethbridge, Alberta
Building
Property Summary
- Total Building Size 8,775 SF
- Lease Opportunity Up to 4,824 SF
- Zoning Downtown Commercial
- Lease Price $12.00 PSF
- Additional Rent $4.00 PSF
- Sale Price $824,999 CAD
- Taxes $6,760.97
- 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
Availabilities
Unit 200
Office
Unit 200
1,302 sqft
Unit 200
1,302 sqft
Office
Unit 200
Unit 202
Office
Unit 202
814 sqft
Unit 202
814 sqft
Office
Unit 202
Unit 204
Office
Unit 204
414 sqft
Unit 204
414 sqft
Office
Unit 204
Unit 208
Office
Unit 208
2,272 sqft
Unit 208
2,272 sqft
Office
Unit 208
