116-118 8 St S - Office FOR SALE


Lethbridge, AB T1J 2J3
$824,999 CAD
403-942-6692
116-118 8 St S, Lethbridge, AB for Sale
$824,999 CAD
Office - FOR SALE
1/1
null | 6.94% Cap Rate

116-118 8 St S
Lethbridge, AB T1J 2J3


HIGHLIGHTS

  • 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, etc.
  • The property is nearby public transit.

OVERVIEW

This two-story commercial building has a long-term main floor tenant 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 $100,000 with current expenses estimated at $25,000 per year. This property would be suitable for an owner-user because there is 4,824 SF available for lease on the second floor.

FOR SALE DETAILS

PRICE

$824,999 CAD

PRICE/SF

$94 CAD /SF

CAP RATE

6.94%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

C

YEAR BUILT

2000

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,068 SF

ZONING

C-D

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Ashley SoamesAvison YoungMore Info
403-942-6692

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Ashley SoamesAvison YoungMore Info
403-942-6692

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.