- For Sale $845,000
- Property Type Other
- Property Size 10,600 SF
- Date Updated Aug 27, 2025
Property Description
Originally constructed in 1897 by prominent entrepreneurAlexander MacDonald, this three-level commercial building is rich in character and history. Over the years, the building has housed a national department store, a clothing and fabric shop, a furniture store, and most recently a pawn shop.
Available for sale or lease, this property is ideal for investors or tenants seeking to transform a local landmark into something extraordinary.
The main floor (6,413 sf) features a versatile layout, making it well-suited for a retail storefront or service oriented business. The second level (4,187 sf), previously home to professional office tenants, presents an opportunity for revitalization and modern reuse. Below, the undeveloped basement (3,237 sf) provides ample space for storage or it could be reimagined as a creative expansion to enhance the building’s potential.
Location Description
The subject property sits on the corner of 5 Street South and 3 Avenue South, offering prime visibility and accessibility in downtown Lethbridge. The area is known for its vibrant mix of local businesses and the many community events held nearby at Galt Gardens and Festival Square. With nearby amenities, public transit, and a strong sense of community, this location is perfect for businesses looking to establish themselves in a dynamic urban setting.
Reach out to the broker for more info on lease terms and amenities
Highlights
- Character-rich features
- High traffic location with strong visibility
- Ideal for mixed-use redevelopment
- Multi-level building layout
- Opportunity to reimagine a historic property
False
Contacts
Location
Getting Around
-
Walk Score ®
91/100
Walker's Paradise
-
Transit Score ®
46/100
Some Transit
-
Bike Score ®
64/100
Bikeable
- City Lethbridge, AB
- Neighborhood Downtown Lethbridge
- Postal Code 125
Points of Interest
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Shell
0.22 miles
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Petro-Canada
0.31 miles
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Esso
0.37 miles
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Triangle Gas Wash
0.72 miles
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Fas Gas
0.74 miles
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Gas King
0.78 miles
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Canadian Tire
0.81 miles
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Husky
1.27 miles
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Lot S
1.42 miles
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Lot J
1.48 miles
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Lot I
1.50 miles
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Lot H
1.51 miles
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Lot K
1.54 miles
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Lot N
1.56 miles
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Lot F
1.63 miles
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Lot D
1.63 miles
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Lot M
1.66 miles
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Wingate by Wyndham
0.29 miles
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Coast Plaza Hotel
1.37 miles
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Sandman Hotel
1.38 miles
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Superlodge
1.49 miles
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Ramada
2.08 miles
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SureStay Plus Hotel by Best Western Lethbridge
2.61 miles
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Holiday Inn
2.65 miles
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Fairfield Inn & Suites Lethbridge
2.67 miles
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Holiday Inn Express
2.70 miles
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New Taste of India
0.02 miles
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Dylan's Piggyback Poutine
0.03 miles
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Oshos Japanese Restaurant
0.04 miles
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Jiayuan Dumpling House
0.04 miles
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Hickory Street
0.05 miles
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Koko Japanese Restaurant
0.10 miles
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Plum
0.10 miles
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Eat More
0.10 miles
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Pita Pit
0.11 miles
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Stella's Diner
0.11 miles
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Reeves College, Lethbridge Campus
0.14 miles
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Training Inc.
0.21 miles
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University of Lethbridge
1.89 miles
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General Stewart Elementary School
1.93 miles
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Nicholas Sheran Community School
2.19 miles
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Father Leonard Van Tighem School
2.27 miles
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Safety City
2.30 miles
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Mike Mountain Horse Elementary School
2.37 miles
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Children of St. Martha's
2.53 miles
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Saint Patrick Elementary School
2.60 miles
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Wee R Kids
0.30 miles
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Great Adventures Active Learning Centre
0.55 miles
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Opokaa'sin Early Intervention Society
0.55 miles
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Sunny South Day Care
0.63 miles
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Kingdom Kids Christian Child Care
0.95 miles
Frequently Asked Questions
The space currently listed for sale at 302 5 Street South asks for $845,000.
302 5 Street South totals 10,600 square feet.
Looking for more in-depth information on this property? Find property characteristics, ownership, tenant details, local market insights and more. Unlock data on CommercialEdge.
Avison Young - Lethbridge
