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266 Preston St 1,338 SF Retail Building Ottawa, ON K1R 7R5 $1,250,000 CAD ($934.23 CAD/SF) 6% Cap Rate

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Investment Highlights

Huge redevelopment in the area (Hospital and proposed Stadium)
Destination dining area

LRT station one block away

Executive Summary

Property and operating business offered for sale as a turnkey opportunity. Sale includes land, building, goodwill, furniture, fixtures, equipment, and chattels used in the operation of the business. Financial information available to qualified purchasers upon execution of a confidentiality agreement. Inventory to be valued separately at closing. Seller willing to provide reasonable transition and training period. Flexible closing available. Buyer to conduct its own due diligence regarding zoning, development potential, and future permitted uses. Share sale is preferred.

Brochure

Property Facts

Sale Type

Investment or Owner User

Sale Condition

Business Value Included

Property Type

Retail

Property Subtype

Storefront Retail/Office

Building Size

1,338 SF

Building Class

Year Built

1910

Price

$1,250,000 CAD

Price Per SF

$934.23 CAD

Cap Rate

NOI

$75,000 CAD

Business Value

$150,000 CAD

Tenancy

Single

Building Height

2 Stories

Building FAR

0.51

Lot Size

0.06 AC

Zoning

TM[78] H(15) - Traditional Main Street

Parking

3 Spaces (2.24 Spaces per 1,000 SF Leased)

Frontage

25’ on Preston St

Bus Line

Signage

Signalized Intersection

About 266 PRESTON ST , OTTAWA, ON K1R 7R5

Exceptional mixed-use commercial property in Ottawa's Little Italy. Well-maintained building featuring a successful turnkey restaurant operation. Strategically located steps from the Trillium Line LRT station, near the new Ottawa Hospital campus and the proposed LeBreton Flats event district. Significant future redevelopment and intensification potential under current zoning. High visibility location with strong pedestrian and vehicular traffic. Upstairs apartment offers additional potential rent. Building underwent a huge renovation in 2013 with an addition, kitchen and major improvements to the overall envelope. It is rare to find a building is this condition on Preston with these kinds of improvements. The building shows exceptionally well.

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