Property Details

Featured in:

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Featured in:

Winners:

409 5th Street S
Lethbridge (A2296655)

$975,000
3,405 ft²
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Loan Term
Interest Rate
Loan Amount
Annual Tax
Ann. Insurance

* Amounts are estimates only. Final payment amounts may vary.

Description

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

Property details

Basic Info

MLS® #
A2296655
Property Type:
Commercial
Subtype:
Office
Subdivision:
Downtown
Price
$975,000
Sale/Lease:
For Sale
Size:
3,405 sq.ft.
Year Built:
1907 (119 years old)

Building Info

Structure Type:
Office
Building Name:
Round Street Business Hub
Garage:
No
Fence:
Basement:
No
Inclusions:
Fridge and Bar fridge Main

Lot / Land Info

Lot Size:
0.07 acres
Legal Land Desc:
31-8-21-W4
Zoning:
CD

Business Info

Business Name:
Round Street Business Hub
Business Type:
Professional/Office

Materials & Systems

Roof:
Flat Torch Membrane
Exterior:
Brick,Stucco
Foundation:
Poured Concrete
Heating:
Natural Gas, Other
Cooling:
Central Air

Listing Info

Possession:
30 Days / Neg
Days on Market:
12
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Your Agent

Grassroots Realty Group Ltd.
1-833-477-6687

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