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 (id:51989)
Features of 409 5th Street S
- MLS® Number A2296655
- Price $975,000
- Square Footage: 3405 sqft
- Property Type: Offices
- Community Name: Downtown
- Parking Space Total 5
- Plan 4353s
Business
| Business Type | Other | Business Sub Type | Professional office(s) |
Buildings
| Constructed Date | 1907 | Cooling Type | Central Air Conditioning |
| Exterior Finish | Brick, Stucco | Fire Protection | Smoke Detectors |
| Foundation Type | Poured Concrete | Heating Fuel | Natural Gas |
| Heating Type | Other | Size Exterior | 3404.75 Sqft |
| Size Interior | 3405 Sqft | Total Finished Area | 3404.75 Sqft |
| Type | Offices |
Land
| Acreage | No | Size Irregular | 3128.00 |
| Size Total | 3128 Sqft|0-4,050 Sqft | Size Total Text | 3128 Sqft|0-4,050 Sqft |
| Zoning Description | Cd |
Agents and Offices
- DAVID AGEMA
- OLIVER STRICKLAND
- Office: Century 21 Foothills South Real Estate