CAABLethbridgeSouthgate4015 Mayor Magrath Dr S

4015 Mayor Magrath Dr S, Lethbridge, AB

Real Estate

For Sale

Listed price in listed location currency (CAD).

$7,900,000

000

MLS® A2285703

Key Facts
Description
Map

Key Facts

Type Mixed Use

Levels Commercial Sale

Size -

Garage No

Maintenance Fees

Taxes

Days Active 9

Approx. Age 1983

MLS® Number A2285703

Property Address: 4015 Mayor Magrath Dr S, Lethbridge, AB, T1K6Y7

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

Description

Fantastic Opportunity to acquire one of the last pieces of commercial land with frontage to Mayor Magrath Drive S. In Lethbridge - This property is 8 acres with 1.5 acres positioned in the Coulees(unusable). The usable 6.5 acres is located in the largest commercial corridor of the city. Ideas for use that come to mind could be retail, hotel, medical, mixed residential/commercial use, or other opportunities that would benefit from the current 25, 000-30, 000 VPD that this location sees. This property is surrounded immediately to the north by many big box stores(Walmart, Costco, Rona, Ashley Furniture, Best Buy, Home Depot, Superstore, Home Sense, The Brick, etc.), retail shops, restaurants, medical, and additional services. On a clear day you can see the mountain range(Chief Mountain) in the distance, and the topography of the coulees adds to the views that could be created from a multi-story building on this land. This location serves as the south end entrance to the city surrounded by some of the most expensive homes and real estate that Lethbridge has to offer, including two executive residential neighbourhoods($1million + homes) in South Ridge and Arbour Ridge Estates. It is also adjacent to Southgate which offers more homes that are traditionally higher priced than other locations in the city for the similar size properties. Suitable for a developer looking to own a nice piece of Lethbridge in a PRIME location. Buildings includes are a 8072 sf footprint building with 1678 sf in upper level offices/boardroom/mezzanine. There is also a 4 bed, 2 bath bungalow home with 3 car garage on the property that had extensive renovations in 2020, and has a month to month tenant. PLEASE DO NOT APPROACH ANYONE AT THE BUSINESS ON PROPERTY ABOUT A SALE! Call your Realtor® for more info. Land & Buildings Sale only.

MLS® NumberA2285703

Locker

Ensuite LaundryNo

Balcony

Furnished

Laundry Level

Exposure

Exterior

GarageNo

Approx. Age1983

Stories

Pets

Included in Maintenance Fee

Heat

Hydro

Water

Building Insurance

Condo Taxes

Cable TV

Central Air

Parking Maintenance

Utilities

Heat

A/C

Heating Fuel

Extras

N/A

Price History

-End Date

Not Sold YetSold Price

For Sale

Feb 11, 2026List Date

$7,900,000List Price

Commute

Commute

Starting Address

Destination Address

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