46,000 ft²Industrial$1,990,000Sale
46,000 ft²
Industrial
$1,990,000
Sale
Doug Mereska
Avison Young - Lethbridge
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Unique redevelopment opportunity for multi-tenant industrial building. The property currently creates some revenue from existing tenants, but all are short-term which would facilitate a phased redevelopment. Additionally, the Seller has estimated prices for improvements available making this a great opportunity for an owner/user looking to custom-build industrial retail space in the heart of the city.
- Unique redevelopment opportunity
- Projected income after renovations are completed: $480,000 per year (based on $12.00 PSF lease rate)
- Sale price per square foot: $54.35
- Off-site parking
- Large, fenced yard
The Space
Asking Price$1,990,000
Available Space46,000 ft²
SourceBuildout
The Building
The subject property is prominently located on the corner of 10th Street North and 5th Avenue North and offers convenient access via Highway 3. The site is centrally located, just north of the city centre. Neighbouring businesses include Gas King, Northside Auto, Sign Superstore, Lethbridge Fitness Club, and Family Centre.
Property TypeIndustrial
Building Size46,000 ft²
Up to $500K for Alberta businesses
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