$599,999
20, 1814 Mayor Magrath Drive S
Beds
—
Baths
—
Sqft
2,111
Year
2010
Type
Business
Suite
Investment signal
Location nearby
Nearby school, halal, mosque, grocery, park, and transit layers are still being built for Lethbridge. The listing facts above are live; the neighborhood-intelligence layer needs POI coverage before it can score this address properly.
About this home
An exceptional opportunity to acquire a well-established and successfully operating barbecue restaurant in a prime, high-traffic location in Lethbridge. Situated along a major commercial corridor, this business benefits from excellent visibility, consistent foot traffic, and a strong, loyal customer base.This turnkey operation is known for its high-quality, slow-smoked meats and authentic barbecue offerings, delivering a consistent and flavorful dining experience that keeps customers coming back. The menu is thoughtfully curated with popular items and strong margins, making it both efficient and profitable.The business is fully equipped with professional-grade kitchen equipment, a well-designed layout, and streamlined operations already in place. It has built a solid reputation in the community and continues to perform steadily with significant potential for further growth through expanded marketing, catering, or extended hours.Ideal for an owner-operator or investor, this is a rare chance to step into a proven concept with an established brand presence, trained staff, and immediate cash flow.Don’t miss this opportunity to own a thriving food business in one of Lethbridge’s busiest retail areas. (id:65958)
- Subtype
- Business
- Community
- Lakeview
- Living area
- 2,111 square feet
- On market
- Apr 22, 2026
- Status changed
- Apr 22, 2026
- Photos
- 27
- MLS#
- A2304217
- Area
- LETHBRIDGE
Cash on cash
-6.87%
Cap rate
3.49%
GRM
16.7
Break-even rent
$3,723
Financing
Operating expenses (monthly)
Estimates only. Actual cash flow depends on financing terms, condition reports, current market rents, property tax assessment, condo fees, and tenant quality. Defaults: 4.5% rate, 30-year amortization, 5% vacancy, 1%/yr maintenance, 0.5%/yr CapEx reserve, $80/mo insurance. Property tax estimated at 0.55%/yr where not provided. Talk to a mortgage broker before relying on these numbers.
Mortgage estimate
Listing brokerage
Listing brokerage on file
Listing data via CREA DDF®. Information is deemed reliable but not guaranteed accurate by CREA. Last updated Apr 22, 2026.