691-701 Somerset St W - Storefront Retail/Office FOR SALE


Ottawa, ON K1P 6P5
$4,800,000 CAD
613-696-2734
691-701 Somerset St W, Ottawa, ON for Sale
$4,800,000 CAD
Storefront Retail/Office - FOR SALE
1/5
null | Request Cap Rate

691-701 Somerset St W
Ottawa, ON K1P 6P5


HIGHLIGHTS

  • Investment opportunity with future redevelopment potential
  • Three retail units on the ground floor are fully leased
  • 10,000 sf (approx.) available for lease
  • Ample parking
  • Substantial upgrades and improvements have been completed at the property and a complete list can be provided upon request
  • Suitable for owner-user occupancy

OVERVIEW

691-701 Somerset Street West is the one Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue this investment represents the opportunity to own a prestigious location, solid investment, and a site for potential redevelopment.

FOR SALE DETAILS

PRICE

$4,800,000 CAD

PRICE/SF

$335 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

TM[112] H(16)

APN/PARCEL ID

061406320156500

ASK ABOUT THIS PROPERTY

Gillian BurnsideAvison Young Commercial Real EstateMore Info
613-696-2734

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Gillian BurnsideAvison Young Commercial Real EstateMore Info
613-696-2734

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