250 Portage Ave - Freestanding FOR SALE


Winnipeg, MB R3C 0B1
$3,483,000 CAD
431-813-3010
250 Portage Ave, Winnipeg, MB for Sale
$3,483,000 CAD
Freestanding - FOR SALE
1/14
null | 8.79% Cap Rate

250 Portage Ave
Winnipeg, MB R3C 0B1


HIGHLIGHTS

  • Unique opportunity for users and business operators to own their own real estate which features a high-profile Portage Avenue address, substantial vis

OVERVIEW

Prime investment opportunity Downtown Winnipeg Commercial Flex Opportunity Prominent features of the offering include: Prominent and high-profile location in the heart of Downtown Winnipeg steps from Portage and Main and the epicenter of development, the SHED District; easy walking access to The Forks, BellMTS Place, RBC Convention Centre, University of Winnipeg, and Red River College downtown campus in Winnipeg’s historic Exchange District. Excellent exposure for signage and branding along Portage Avenue, which features an average traffic count of more than 55,000 vehicles traveling past the property on a daily basis. The existing structure is suitable for reconfiguration to a number of traditional office, medical, or commercial service uses given the open concept layout, floor to ceiling windows, and building design that includes mezzanine potential Value-add opportunity for users interested in occupying the currently vacant two level 14,474 square foot space or for investors by way of selective long-term re-investment in the asset to capitalize on attractive commercial rental rates in addition to building naming rights and Title to be treated as clear of mortgage financing.

FOR SALE DETAILS

PRICE

$3,483,000 CAD

PRICE/SF

$160 CAD /SF

CAP RATE

8.79%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Storefront Retail/Residential, undefined, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1965

SPRINKLERS

-

PARKING SPACES

381

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

M

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robert Portage250PortageMore Info
431-813-3010

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Robert Portage250PortageMore Info
431-813-3010

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.