For Sale

1131, Mayor Magrath Drive S, Alberta, Lethbridge

Beds Bath Sqft

$3,300,000

About Property

For Sale, 1131 Mayor Magrath Drive South, an 11,804 square foot retail asset with 28 parking spots and 2719 12 Ave S, a 16-stall parking lot. The Property is located along Mayor Magrath Drive South, one of Lethbridge’s busiest commercial corridors, with traffic counts exceeding 30,000 vehicles per day, providing exceptional visibility and long-term viability for tenants. Its strategic location offers seamless connectivity to key arterial routes, surrounding residential neighborhoods, and major demand drivers, including the Lethbridge Polytechnic, and regional retail destinations. The Property features a well-balanced mix of national and service-oriented tenants, including Dollarama, Luigi’s Pizza & Steakhouse, Macao Imperial Tea, a salon, and 28 Barbershop. This diverse tenancy creates a high-frequency consumer destination and a stable, diversified income stream. Ample on-site parking, as well as free city parking nearby, prominent signage exposure, and efficient ingress and egress further enhance the Property’s appeal to both tenants and investors. From an investment perspective, the Property benefits from strong long-term fundamentals supported by Lethbridge’s growing population, diversified economy, and role as a regional hub for Southern Alberta. The surrounding area continues to experience steady commercial activity and redevelopment, reinforcing the corridor’s position as a dominant retail destination. The Property represents an opportunity to acquire a well-located, highly visible commercial asset in one of Lethbridge’s most sought-after retail corridors, offering durable income and long-term upside potential.

Bedrooms
Bathrooms
sq ft
Garage
Retail
Built 1985
Active
Floor
Interior Details
Outdoor Details
MLS Number
242727418
Price
$3,300,000

Bedrooms
Bathroom

Square Footage
sq ft
Property Type
CRE

Community Name
Features
,

Parking Space Total
Lot Size
Bathroom Total
0
Bedrooms Total

Appliances
Cooling Type

Constructed Date
1985
Heating Type

Pool
Exterior Finish

Fireplace Present
No
Fireplace Total

Flooring Type
Foundation Type

Half Bath Total
Stories Total

Size Interior
Total Finished Area
Spaces

Details
LEVEL
TYPE
LENGTH
WIDTH
DIMENSIONS

Mr. Amandeep Budhail

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+1 (403) 470-3527

Website

https://www.crown-realty.ca

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