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
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