93 Cedar St - Office FOR SALE


Sudbury, ON P3E 1A7
$2,895,000 CAD
705-805-1575
93 Cedar St, Sudbury, ON for Sale
$2,895,000 CAD
Office - FOR SALE
1/41
null | Request Cap Rate

93 Cedar St
Sudbury, ON P3E 1A7


HIGHLIGHTS

  • Space for owner occupancy.
  • Beautiful building, and well maintained.
  • Parking lot included.
  • Listing Package available with signed Confidentiality Agreement.

OVERVIEW

93 Cedar is a landmark building in Downtown Sudbury and a turn-key investment opportunity, providing over 29,000 square feet of Class A Office Space separated across six units. The sale includes the neighbouring parking lot at 90 Larch Street which will provide convenience for tenants and their clients, a secondary revenue stream, or an investment opportunity. Located in the Downtown Sudbury Business Improvement Area, these properties are 100% Development Charge exempt and have access to significant financial incentive programs through the City's Strategic Core Areas and Business Improvement Areas Community Improvement Programs. Both properties are also zoned with the most permissive zoning designation in the City (C6) which allows for a wide variety of uses and the option to convert some space to multi-residential or the ground floor to street-level retail. Built-in the 1950s, 93 Cedar was formerly owned by the Bell Telephone Company of Canada, and in 2011 was identified as a "Property of Cultural Heritage Value and Interest" by the Sudbury Municipal Heritage Committee. In 2006 more than two million dollars was invested in updating the building to bring it to a modern standard. A short walk from cafés and restaurants, City Hall, government services, various hotels, and city transit, this building offers what today's young professionals expect from a workplace. With almost 10,000 square feet tenanted by Makami Engineering, and within a few blocks of the Hard-Line Technology Centre, SRK Mining Consultancy, the new Innovation Quarters, and various other professional firms, 93 Cedar is a prime candidate for hosting professional offices for the expanding mining cluster located in Downtown Sudbury.

FOR SALE DETAILS

PRICE

$2,895,000 CAD

PRICE/SF

$100 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

ADD'L SUBTYPES

Loft/Creative Space, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

3

BUILDING CLASS

A

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

24

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

C6

APN/PARCEL ID

735840058,735840060

ASK ABOUT THIS PROPERTY

Chris TammiMallette GoringMore Info
705-805-1575

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Chris TammiMallette GoringMore Info
705-805-1575

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