The 2004–05 Scottish Third Division was won by Gretna who, along with Peterhead, gained promotion to the Second Division. East Stirlingshire finished bottom.
| P | Team | Pld | W | D | L | GF | GA | GD | Pts | Promotion |
|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Gretna | 36 | 32 | 2 | 2 | 130 | 29 | 101 | 98 | Promoted to Second Division 2005-06 |
| 2 | Peterhead | 36 | 23 | 9 | 4 | 81 | 38 | 43 | 78 | |
| 3 | Cowdenbeath | 36 | 14 | 9 | 13 | 54 | 61 | -7 | 51 | |
| 4 | Queen's Park | 36 | 13 | 9 | 14 | 51 | 50 | 1 | 48 | |
| 5 | Montrose | 36 | 13 | 7 | 16 | 47 | 53 | -6 | 46 | |
| 6 | Elgin City | 36 | 12 | 7 | 17 | 39 | 61 | -22 | 43 | |
| 7 | Stenhousemuir | 36 | 10 | 12 | 14 | 58 | 58 | 0 | 42 | |
| 8 | East Fife | 36 | 10 | 8 | 18 | 40 | 56 | -16 | 38 | |
| 9 | Albion Rovers | 36 | 8 | 10 | 18 | 40 | 78 | -38 | 34 | |
| 10 | East Stirlingshire | 36 | 5 | 7 | 24 | 32 | 88 | -56 | 22 |
| Rank | Scorer | Goals | Team |
|---|---|---|---|
| 1 | Kenny Deuchar | 38 | Gretna |
| 2 | David Bingham | 27 | Gretna |
| 3 | Scott Michie | 21 | Peterhead |
| 4 | Paul McGrillen | 18 | Stenhousemuir |
| 5 | Craig Smart | 14 | Montrose |
| Frankie Carrol | Queen's Park | ||
| 7 | Martin Bavidge | 13 | Peterhead |
| 8 | Gavin Skelton | 12 | Gretna |
| Darren Gribben | Cowdenbeath | ||
| 10 | Joseph Savage | 9 | Stenhousemuir |
| Steven Nicholas | East Fife | ||
| William Martin | Elgin City |
The average attendances for Scottish Third Division clubs for the 2004/05 season are shown below:
| Team | Average |
|---|---|
| Gretna | 895 |
| East Fife | 663 |
| Peterhead | 640 |
| Queen's Park | 593 |
| Elgin City | 455 |
| Stenhousemuir | 432 |
| Montrose | 390 |
| Albion Rovers | 322 |
| East Stirlingshire | 293 |
| Cowdenbeath | 262 |
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