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Retail/office Plaza For Sale In Nepean

$1,750,000

For Sale: , in

Retail/Office Plaza For Sale in Nepean

Hassan Wahab

Realtor

Listing Details

Subtype: Storefront Retail/Office, Other Retail, Plaza and Strip Mall

Year built: 1972

Total building size (sq. ft.): 10165

Typical floor size (sq. ft.): 5000

Units: 8

Zoning: AM

Parking spaces: 14

Floors: 2

Sale type: Ideal for both investors and owner-users

Tenancy: Multiple

Lot Size: 0.22 Acres

Financial Details

Net operating income: $75,203

Percent leased: 90%

Cap rate: 4.5%

Description

Excellent investment opportunity in the heart of Bells Corners for owning a retail plaza located on high traffic street. Well maintained two-story building with basement, nice curb appeal, good signage & visibility & 14 parking spots...AM zoned (Arterial Mainstreet) allows for a variety of uses...Ground retail floor offers approx 2200 sqft that consists of 3 retail units...Full-size basement consists of three sections that are used by the retail tenants as storage and they are accessible from the back of each store...The upper floor offers approximately 2100 sqft that consists of 5 office units (massage, computer(2 units), spa, & vacant unit)...Gross base & additional rents are $123,600/year 2020 (as per leases, excluding HST), total operating cost is around $ 48,397/year 2020...Net Operating Income $75,203/2020 ...Assessment value in 2016 is $ 1.20 Million...The area is booming, close to General Dynamics, Golder Associates, DND, Highways 416 & 417, and other new developments.

Location & nearby

This listing is located in Ottawa, ON K2H 5B9

1980 Robertson Road, Nepean, ON, Canada

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Hassan Wahab

Realtor

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