1-3, 1416 2 Avenue S, Lethbridge
Exceptional commercial investment opportunity in Lethbridge's warehouse district. This offering includes 3 separate income producing buildings under one condominium structure, ideally positioned on a corner lot just off 3rd Avenue with quick access to Highway 3 (Crowsnest Trail). Combined daily traffic exceeds 40,000 vehicles across both routes, providing outstanding visibility and exposure for tenants.Ample parking surrounds the property, benefiting both existing tenants and future customer traffic. All 3 buildings are leased, with tenants responsible for their proportionate share of property tax, insurance, and operating expenses. Rents are currently below market value, offering strong potential for income growth as leases renew.Net operating income reflects a 5.40% cap rate at the listed purchase price of $1.8M.The property features newer heating systems throughout, along with a partial roof replacement completed approximately 4 years ago, carrying an expected life span of 20 years. Ongoing maintenance and care are evident throughout.The condominium structure also provides flexibility for future ownership, allowing the buildings to be sold individually down the road if desired. A rare opportunity to acquire a diversified, multi tenant asset in one of Lethbridge's most accessible commercial corridors. Be sure to checkout the YouTube video & let’s discuss how we can add this amazing commercial property to your portfolio! (id:1945)
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Property details for 1-3, 1416 2 Avenue S, Lethbridge
- Type
- Commercial
- Living Area
- 9,173 square feet
- Annual Taxes
- $33,463 (2026)
Nearby Listings Stat
Estimated price and comparable properties near 1-3, 1416 2 Avenue S
Active Listings
116
Min Price
$1,500
Max Price
$14,000,000
Avg Price
$577,187
Days on Market
73
days
Sold Listings
35
Min Sold Price
$2,500
Max Sold Price
$715,000
Avg Sold Price
$418,837
Days until Sold
49
days
Neighbourhood Census Data
Lethbridge, Alberta
Population
499
Median Age
37.5
Median Income
$35,413
Dwelling Value
$300,484
Housing Tenure
Owners 63%
Renters 39%
Age Distribution
Dwelling Types
Commute Mode
Education Level
Housing Age
Commute Duration
Avg Household Size: 2.4
Pop. Density: 781.5/km²
Avg Shelter Cost: $1,000/mo
Owners with Mortgage: 51.7%
Owners Spending 30%+: 14.3%
Tenants Spending 30%+: 27.8%
English only: 88.9%
English and French: 11.1%
Median Household Income: $70,912
Median Employment Income: $36,992
Price History
Listed
August 11, 2026
by Lethbridge Real Estate.com
Current Price
$1,799,800
Type
Commercial
For Sale
