Log In/Sign Up
Your email has been sent.
691-701 Somerset St W 14,324 SF 100% Leased Retail Building Ottawa, ON K1P 6P5 $4,800,000 CAD ($335.10 CAD/SF) 5.48% Cap Rate
INVESTMENT HIGHLIGHTS
- Investment opportunity with future redevelopment potential
- 10,000 sf (approx.) available for lease
- Substantial upgrades and improvements have been completed at the property and a complete list can be provided upon request
- Three retail units on the ground floor are fully leased
- Ample parking
- Suitable for owner-user occupancy
EXECUTIVE SUMMARY
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. The property is currently 100% leased.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,324 SF
Building Class
C
Year Built
1985
Price
$4,800,000 CAD
Price Per SF
$335.10 CAD
Cap Rate
5.48%
NOI
$263,000 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.89
Lot Size
0.17 AC
Zoning
TM[112] H(16) - Traditional Mainstreet Zoning
Parking
12 Spaces (0.84 Spaces per 1,000 SF Leased)
Frontage
AMENITIES
- Controlled Access
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Outdoor Seating
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (96)
NEARBY MAJOR RETAILERS
CONTACTS
-
Gillian Burnside -
Ron Milligan -
James Pero -
Avison Young Commercial Real Estate
1 of 3
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
Presented by
691-701 Somerset St W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.