302 5 Street South

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.