12
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$4,900,000
Est. payment /mo
8,738 SqFt
New
359-363 Bank ST Ottawa Centre, ON K2P 1X9
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Square Footage 8,738 sqft
Price per Sqft $560
Subdivision 4103 - Ottawa Centre
MLS Listing ID X12096281
Annual Tax Amount $62,075
Tax Year 2024
Property Sub-Type Investment
Property Description
This is a prime opportunity to acquire a well-maintained retail building with premium tenants in the heart of Downtown Ottawa. The property consists of 8,738 SF of above-grade rentable area which is currently 100% leased to a mix of national and local tenants. There is an additional ~4,500SF below grade, of which 3,000 SF is collecting income as storage space. The offering provides an investor with the rare opportunity to obtain a well-positioned retail asset with stable cash flow. 359-363 Bank Street benefits from close connectivity to transit and major arterial routes in Ottawa, with Highway 417 located minutes away. The property has prominent exposure along Bank Street, a high traffic retail corridor in Downtown Ottawa, surrounded by various amenities and complimentary businesses. The area offers excellent transit access, with multiple transit stops running to the building. This unique offering is perfect for an investor looking to acquire an impeccably maintained, highly leasable retail asset in a sought-after location.
Location
Province ON
County Ottawa
Community 4103 - Ottawa Centre
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 54.5
Lot Depth 114.99
Listed by AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES