CAABLethbridgeLakeview1131 Mayor Magrath Dr S

1131 Mayor Magrath Dr S, Lethbridge, AB

Name: 1131 Mayor Magrath Dr S, For Sale in Lethbridge - Zoocasa
Brand: AVISON YOUNG
SKU: A2315809
Price: 3300000 CAD

House

For Sale

Listed price in listed location currency (CAD).

$3,300,000

0044

MLS® A2315809

Overview

Key Facts

Type Retail

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 12

Lot Size

Approx. Age 1985

MLS® Number A2315809

Property Address: 1131 Mayor Magrath Dr S, Lethbridge, AB, T1K2P9

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberA2315809

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1985

Basement

Driveway

Garage Spaces

Heat

A/C

Heating Fuel

Extras

Map

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