628 Somerset St W - Storefront Retail/Residential FOR SALE


Ottawa, ON K1R 5K4- Downtown
$2,588,000 CAD
613-277-6416
628 Somerset St W, Ottawa, ON for Sale
$2,588,000 CAD
Storefront Retail/Residential - FOR SALE
1/2
null | Request Cap Rate

628 Somerset St W
Ottawa, ON K1R 5K4
Downtown


HIGHLIGHTS

  • Three properties are sold together as a LAND ASSEMBLY
  • Somerset have a combined frontage of 104'F x 110’ D, for a TOTAL AREA 11,440SF.
  • Somerset is a pivotal artery connecting the City's West and east ends

OVERVIEW

Attention Investors! Now is the opportunity to own and develop prime real estate in the heart of Ottawa! Three properties are sold together as a LAND ASSEMBLY, in an area that is ripe for development. 622, 628 and 634 Somerset have a combined frontage of 104'F x 110’ D, for a TOTAL AREA 11,440SF. Somerset is a pivotal artery connecting the City's West and east ends, and located between eclectic restaurants , shops and mixed residential housing. Zoning is TM (2185) H (16) that allows for restaurant, retail, bank+ on ground level and residential dwellings above. Existing use: 622 Somerset is a 4 plex, 628 is ground level retail store and one bedroom on second level, 634 is an operating restaurant. Please be discreet as there is ongoing business.CLEAN PHASE 2 ENVIRONMENTAL Report on file. Properties are sold for land value only, sellers make no representations or warranties as to the conditions of the existing structures.

FOR SALE DETAILS

PRICE

$2,588,000 CAD

PRICE/SF

$498 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1900

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,851 SF

ZONING

TM [2185] H (16)

APN/PARCEL ID

061406300126100

ASK ABOUT THIS PROPERTY

Al HarbFirst Estate Realty LtdMore Info
613-277-6416

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Al HarbFirst Estate Realty LtdMore Info
613-277-6416

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