The subject property represents a rare opportunity to acquire a 3.0 acre +/- high-profile redevelopment site adjacent to Centre Village Mall, one of Lethbridge’s most established retail destinations. The vendor will subdivide the site and remove the existing structure (former Save-On-Foods building) within three months of an executed Offer to Purchase, delivering a shovel-ready development parcel.
Located at the intersection of 12 Street North and 2A Avenue North, the property benefits from strong exposure and access. Centre Village Mall is home to over 20 tenants, including major anchors such as Save-On-Foods, Canadian Tire, London Drugs, and Dollar Tree, providing consistent foot traffic and a well-established customer base. The site is zoned C-S (Shopping Mall Commercial), permitting a wide range of commercial uses and making it ideally suited for retail, restaurant, medical, professional office, or mixed-use development. Contact the listing team today to learn more or to explore this redevelopment opportunity.
Essential information
MLS® number
A2333632
Status
Active
Price
$3,300,000
Property type
Commercial
Type
Retail
Transaction
For Sale
Restrictions
Phone Listing Broker
Building area
130,680 sq ft
Lot size
130,680 sq ft
Year built
1991
Listing brokerage
AVISON YOUNG
Source
Pillar 9™ MLS® System
Exterior and construction
Zoning
C-S
Community
Subdivision
LCSE
City
Lethbridge
Province
AB
Postal code
T1H 0E4
Where it is
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Approximate location, plotted from the listing’s own coordinates.
Investment calculator
Cap rate, cash flow and the coverage ratio a commercial lender will look at first.
Automated estimate — not a final number. Figures here are pulled automatically from the MLS® listing and may be incomplete or out of date. Please confirm the correct figures with the Munafa team before relying on them — 587-971-7993.
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An estimate from the numbers above, not an appraisal and not financial advice. Operating costs, vacancy and lending terms all move it. Nothing typed here is sent anywhere or saved.
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7 photos$2,850,00020 14 Street NW, Calgary
