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$ 4,125,000
Est. payment | /mo
8,993 SqFt
$ 4,125,000
Est. payment | /mo
8,993 SqFt
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 8,993 sqft
Price per Sqft $458
Subdivision 7502 - Merivale Industrial Park
MLS Listing ID X11887796
Building Age 31-50
Annual Tax Amount $26,853
Tax Year 2024
Property Sub-Type Investment
Property Description
Rarely available. An opportunity to acquire a 8,993 square foot fully leased, highly visible Retail Plaza on .78 of an acre. Strategically located next to the Crossroads Centre at Merivale and Hunt Club Road. A primary arterial road with easy access. 35,000 vehicles Daily (Source City of Ottawa). The property provides a solid Tenant base with rental escalations through 2029. Net Operating Income is projected to be in excess of $200,000 within 24 months with potential future upside to rent. The Original Building Plans were designed with the possibility of a future expansion of the ground floor retail space by approximately 2200 -2400 square feet. No major capital costs are needed for many years. A clean phase 1 environmental report is available.
Location
State ON
County Ottawa
Community 7502 - Merivale Industrial Park
Area Ottawa
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 251.0
Lot Depth 135.0
Others
Virtual Tour https://youtu.be/ctu_bePUyYI
Listed by EXP REALTY
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "
sepehr@yourottawarealestate.com
2148 Carling Ave suite 5& 6, Ottawa, ON, K2A 1H1, CAN