2000 sqft
$849,000
Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.55% or higher, determined by the current listing price. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio. (id:48414)
Property Details
MLS® Number
|
1388646 |
Property Type
|
Retail |
Neigbourhood
|
Centretown |
ParkingSpaceTotal
|
3 |
Building
Land
Acreage
|
No |
SizeDepth
|
65 Ft ,2 In |
SizeFrontage
|
32 Ft ,5 In |
SizeIrregular
|
32.4 Ft X 65.2 Ft |
SizeTotalText
|
32.4 Ft X 65.2 Ft |
ZoningDescription
|
Tm |
https://www.realtor.ca/real-estate/26887759/495-somerset-street-w-ottawa-centretown