116 - 120 8 Street South
Lethbridge, AB
Building For Sale or Lease
Property Summary
- Total Building Size 8,775 sf
- Lease Opportunity Up to 2,686 sf
- Zoning Downtown Commercial
- Lease Price $12.00 psf
- Additional Rent $4.00 psf
- Sale Price $824,999
- Taxes $7,074.95 (2026)
- Current Net Income $61,084.73
- Projected Net Income $90,535.23 / Year
- Operating Expenses $18,059.23
- 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 $90,535.23 / Year with current expenses estimated at $18,059.23 per year. This property would be suitable for an owner-user because there is 2,686 sf available for lease on the second floor.
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 SF
Unit 200
1,302 SF
Office
Unit 200
Unit 202
Office
Unit 202
814 SF
Unit 202
814 SF
Office
Unit 202
Unit 204
Office
Unit 204
414 SF
Unit 204
414 SF
Office
Unit 204
Unit 208
Office
Unit 208
2,272 SF
Unit 208
2,272 SF
Office
Unit 208
