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. No major capital costs are needed for many years. A clean phase 1 environmental report is available. (id:47824)
MLS® Number | X11887796 |
Property Type | Business |
Neigbourhood | Knoxdale-Merivale |
Community Name | 7502 - Merivale Industrial Park |
Amenities Near By | Public Transit |
Parking Space Total | 37 |
Cooling Type | Fully Air Conditioned |
Heating Fuel | Natural Gas |
Heating Type | Forced Air |
Size Exterior | 8993 Sqft |
Size Interior | 8993 Sqft |
Utility Water | Municipal Water |
Acreage | No |
Land Amenities | Public Transit |
Sewer | Sanitary Sewer |
Size Depth | 135 Ft |
Size Frontage | 251 Ft |
Size Irregular | Bldg=251 X 135 Ft |
Size Total Text | Bldg=251 X 135 Ft |
Zoning Description | Commercial Am10 Arterial Mainstreet Zone |
Contact us for more information
David Nehme
Salesperson