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356 Preston St 2,800 SF Retail Building Ottawa, ON K1S 4M6 $2,599,000 CAD ($928.21 CAD/SF)
Executive Summary
Exceptional opportunity to own a single use building in a prime location in the heart of Little Italy! Occupied by the established and successful La Favorita Restaurant. Building is for sale for owner occupier with 6-12 month notice OR a new net lease back option providing a great income/stability for a new building investor . Building has been completely renovatied over the past 15 years. Large outdoor patio on the property. 2800 ssf of interior space including useable mezzanine plus small office/apartment on 2nd floor. High ceiling provide an impressive "wow factor" as you walk into the space. Located across from the largest office/retail/residential completed on Preston St - Preston Square. The area is experiencing vast growth and development with many new high rise condo/apartments, the future Ottawa Hospital Campus at Preston and Carling and future home of the Ottawa Senators New NHL Arena at Lebreton Flats.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
2,800 SF
Building Class
C
Year Built
1943
Price
$2,599,000 CAD
Price Per SF
$928.21 CAD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.84
Lot Size
0.08 AC
Zoning
TM[78] H(15) - Commercial
Frontage
28’ on Preston St
Amenities
- Bus Line
- Signage
- Signalized Intersection
Exceptionally walkable
90/100
Exceptionally drivable
90/100
Exceptional public transit
90/100
Moderately bikeable
70/100
Nearby Major Retailers
1 of 3
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356 Preston St
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