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. (id:55689)
MLS® Number | X11887796 |
Property Type | Business |
Community Name | 7502 - Merivale Industrial Park |
AmenitiesNearBy | Public Transit |
ParkingSpaceTotal | 37 |
CoolingType | Fully Air Conditioned |
HeatingFuel | Natural Gas |
HeatingType | Forced Air |
SizeExterior | 8993 Sqft |
SizeInterior | 8993 Sqft |
UtilityWater | Municipal Water |
Acreage | No |
LandAmenities | Public Transit |
Sewer | Sanitary Sewer |
SizeDepth | 135 Ft |
SizeFrontage | 251 Ft |
SizeIrregular | Bldg=251 X 135 Ft |
SizeTotalText | Bldg=251 X 135 Ft |
ZoningDescription | Commercial Am10 Arterial Mainstreet Zone |
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