DAVID AGEMA
(403) 332-3056
Century 21 Foothills South Real Estate
403-635-2131
409 5th Street S
Lethbridge , Alberta T1J2B6
Lethbridge , Alberta T1J2B6
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Professional/Office For Sale
$975,000
Excellent opportunity to own a fully renovated three-level commercial building in downtown Lethbridge. Originally built in 1907, this character property features exposed brick and modern upgrades throughout. The building offers 17 private offices, 4 workstations, a boardroom, 4 bathrooms, client foyer, kitchenette, and rear parking for up to 5 vehicles.
Currently home to approximately 20 businesses, the property provides strong in-place income with gross rental revenue between $110,000–$114,000 annually and potential up to $132,000. Numerous upgrades include HVAC, roof, windows, doors, and full interior renovations.
Centrally located with excellent access and nearby parking, this turnkey investment includes land, building, and business. Financials available to qualified buyers
Transaction Type
For Sale
For Sale
Title
Fee Simple
Fee Simple
Days On Market
1
1
Zoning
CD
CD
Subdivision
Downtown
Downtown
Building Type
Office Building
Office Building
Year Built
1907
1907
Structure Type
Office
Office
Property Type
Commercial
Commercial
Property Sub Type
Office
Office
Legal Plan
4353S
4353S
Building Area (Sq. Ft.)
3404.75
3404.75
Building Area (Sq. M.)
316.31
316.31
Lot Size (Sq. Ft.)
3128
3128
Lot Size (Acres)
0.07
0.07
Parking
5
5
Construction Type
Brick,Stucco
Brick,Stucco
Roof
Flat Torch Membrane
Flat Torch Membrane
Foundation
Poured Concrete
Poured Concrete
Cooling
Central Air
Central Air
Heating
Natural Gas,Other
Natural Gas,Other
Inclusions
Fridge and Bar fridge Main
Fridge and Bar fridge Main
Restrictions
Non-Smoking Building,None Known
Non-Smoking Building,None Known
Reports
Building Plans,Floor Plans,Information Package,Rent Roll,Title Insurance
Building Plans,Floor Plans,Information Package,Rent Roll,Title Insurance