66 Cedar St - Retail FOR SALE


Sudbury, ON P3E 1A5
$1,350,000 CAD
705-806-9023
66 Cedar St, Sudbury, ON for Sale
$1,350,000 CAD
Retail - FOR SALE
1/11
null | Request Cap Rate

NEW


66 Cedar St
Sudbury, ON P3E 1A5


OVERVIEW

This commercial office and retail plaza located on vibrant Cedar Street in Downtown Sudbury is now FOR SALE. Located within a few blocks of Municipal, Provincial and Federal government buildings, and including a 46-stall parking lot at the rear of the building, 66-84 Cedar has a lot to offer. The majority of the stalls are leased, and the lot is currently managed by Impark Parking Services. The 5 retail/restaurant units on the ground floor offer street access, great signage, and sidewalk patios in the summers, and are fully leased. Vacancies on this strip don't last long as the units are a desirable size compared to most spaces available in the market. The second level provides a tenanted personal service shop and a handsome wood-trimmed 4,080 sqft office space that is currently vacant, with elevator access. The second floor could also be reimagined into residential units with support from the City of Greater Sudbury residential unit creation grants, or the CMHC’s funding program to build or renovate affordable housing. Please reach out to our office to learn more about this opportunity and the City's Strategic Core Area Community Improvement Programs for which the property is eligible.

FOR SALE DETAILS

PRICE

$1,350,000 CAD

PRICE/SF

$134 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Office/Residential, Office Live/Work Unit, Industrial Live/Work Unit

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.4 AC

LAND SF

17,424 SF

ZONING

C6

APN/PARCEL ID

530707000407800,735840040

ASK ABOUT THIS PROPERTY

Chris TammiMallette GoringMore Info
705-806-9023

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Chris TammiMallette GoringMore Info
705-806-9023

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