Alberta Commercial Real Estate & Business For Sale

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1131 Mayor Magrath Drive S
Lakeview Lethbridge T1K 2P9

$3,300,000
Commercial

Main Photo: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Photo 1: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Photo 2: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Photo 3: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Photo 4: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Photo 5: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Photo 6: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Photo 7: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Photo 8: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
Status:
Active
Prop. Type:
Commercial
MLS® Num:
A2315809
Build. Type:
Strip Mall
Avison Young – Lethbridge is pleased to offer 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 neighbourhoods, 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.
Property Type:
Commercial
Property Sub Type:
Retail
Transaction Type:
For Sale
Possession:
Possession Date:
Building Type:
Strip Mall
Total Building Area:
11,804 sq. ft.
Lower Level Finished Area:
Above Grade Finished Area:
Taxes:
Tax Assessed Value:
HOA Fee Includes:
Lot Area:
23,086 sq. ft.
Acres Cleared:
Acres Cultivated:
Acres Irrigated:
Acres Leasehold:
Acres Not Cultivated:
Acres Freehold:
Acres Seeded:
Acres Tame Hay:
Acres Treed:
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Acres Water Rights:
Reg. Size:
Reg. Size Includes:
Year built:
1985 (Age: 41)
Bathrooms:
- (Full:-, Half:-)
Plan:
88GQ
Structure Type:
Multi Unit
Ensuite:
No
Garage:
No
Parking Places:
44
Parking Total/Covered:
44 / -
Lakeview (Lethbridge)
None
None Known
Title to Land:
Fee Simple
Num. of Parcels:
0
Region:
Lethbridge
Zoning:
C-H
Listed Date:
May 29, 2026
Days on Mkt:
  • Photo 1: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
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  • Photo 7: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
    Aerial Map
  • Photo 8: 1131 Mayor Magrath Drive S in Lethbridge: Lakeview Retail for sale : MLS®# A2315809
    Overflow Parking
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Listed by AVISON YOUNG
Data was last updated May 29, 2026 at 08:05 PM (UTC)

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