Ottawa Property Shop - Homes For Sale
CALL NOW & SPEAK TO OUR TEAM

Retail For Sale

For Sale
32
$ 3,750,000
$inf / Acre
Ottawa, Ontario K1C1E8
0 Bed
0 Bath
Acre Acre
0 Room
Built Year 1990
QR Code

About this property

A ten-unit strip mall for sale. High traffic location on St Joseph Blvd, a main retail corridor in the East end suburb of Ottawa. Current rents are 30% below market value giving a sophisticated investor a substantial upside opportunity to increase cash flow and property value over the coming cycle of lease renewals. The property has been valued based on its current financial performance. Investment projections illustrate the embedded rents will raise the property value to more than $6,500,000 once the leases achieve market rent rates around 2027 to 2028 using a 5% cap rate. This is a well-maintained property with 8 of 10 rooftop HVAC units having been replaced within the last few years. There are currently two units available for lease. Unit 113 is an end cap space comprising 1,151 sf. Unit 103 is an inline unit comprising 650 sf. Net rent for new leases starts at $30 psf. Building operating costs are $11 psf. The Seller is not willing to provide vendor financing. (id:48414)

Snapshot

Property Type : Retail
Listing Type : For Sale
Listing ID : 1307689
Price : $3750000
Bedrooms : 0
Bathrooms : 0
Half Bathrooms : 0
Square Footage : 0.83 Acre
Year Built : 1990
Lot Area : 0 Sqft

Features

Fireplace : False
Parking : 42

Other Information

Municipal ID : 044180216
Ownership Type : Freehold
Land Size Depth : 141 Sqft
Land Size Irregular : 0.83 Sqft
Zoning Description : AM
Land Size Total : 0.83 Acre
Listing Provided by : KELLER WILLIAMS INTEGRITY REALTY
Land SizeFrontage : 275 Sqft

CALL 866-981-3860 or

Request More Info

Interested in this property? Submit your interest now and book an appointment for viewing it today. One of our agents will be in touch shortly. 


Previous Property
Retail For Lease
Next Property
Retail For Sale

Keep Searching

Latest Listings

Free MLS Access

Get instant access to full property details and exclusive listings!
Go to property listings 
Already have an account?  Please login here.