JN REAL ESTATE GROUP

Senator Buchanan

FOR SALE

$525,000

PURCHASE PRICE

242 12B Street N, Lethbridge · T1H 2K7

RETAIL · BUILT 1959

MLS A2291919 · 156 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

This stand-alone industrial and retail building features two units (240 and 242) that are fully demised and separately metered. The site is fully fenced and gated, with two rear parking stalls, a rear entrance, and security cameras at both the front and back entrances. Five unmetered angle-parking stalls are available at the front for customer use. The property has strong visibility along 12B Street North and provides an opportunity for prominent signage. Each unit includes a front showroom, office, washroom, and shop space with a 10’ x 12’ overhead door and unit heaters. Unit 240 also includes a mini make-up-air unit. Both units are currently occupied by the Veterans Association Food Bank and produces stable income. The subject property is located in North Lethbridge, close to downtown and easily accessible from 12B Street North, 2 Avenue North, and Stafford Drive North. Neighbouring tenants include a mixed neighbourhood of office, retail, and industrial businesses. This includes Centre Village Mall with anchors Canadian Tire, Save-On-Food, and London Drugs. There are industrial services such as Niels & Gord’s Lawn Mower & Small Engine Repair, and Bridge City Doors. Retail businesses in the area also include Play it Again Sports, Color Me Mine, and Cutter Loose Motorsports.

DETAILS

TRANSACTION

TRANSACTION
For Sale
LEASE PERIOD
Annually
LEASE MEASURE
Square Feet

BUILDING

TYPE
Retail
YEAR BUILT
1959

LOT & EXTERIOR

LOT SIZE (SQFT)
6,098
LOT SIZE (ACRES)
0.14

COMMUNITY

COMMUNITY
Senator Buchanan
ZONING
I-B
POSTAL CODE
T1H 2K7

UTILITIES & COSTS

ANNUAL TAXES
$9,452

LISTING COURTESY OF JOSH MARTI · AVISON YOUNG

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.