The subject property is a 4 storey office building comprising approx. 38,872 sq.ft. (Gross Rentable Floor Area) w/31,464 sq.ft Property is situated on a 0.90 acre lot with approx. 56 exterior parking spaces in the city core within two blocks of the waterfront parks along the St. Lawrence River and the Cornwall Square Shopping Centre and within four blocks of the City Hall The building is partially leased to professional office tenants including Law Office and Ontario Realty Corporation. The property is serviced with a hydraulic elevator system. The Central Business District Zoning offers a broad range of allowable uses within including professional office, restaurants, bank & multi-family. This property is ideal for future conversion into mix used development (residential/commercial main floor mix), or to enhance through progressive lease up program. Approx. 28,486 sq.ft. available for lease up within, with building pre-divided and office leasehold demising in place, in addition to per floor washroom facilities w/per suite and as built kitchenette areas / sinks. Impressive building in appearance, rooftop workshop/storage area may hold future revenue value, irregular lot w/onsite parking and prime location in downtown core. Sale under Power of Sale Action.
MLS# | 40623434 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | Active |
Year | 1970 |
Days On Site | 78 |
Listing Provided By | Re/Max Rise Executives, Brokerage | Patrick N Hulley |
SQ Feet | 36,415 |
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Story(s) | 4 |
Zoning | CBD |
Acreage | 0.90 |
Province | ON |
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Region | Stormont, Dundas and Glengarry |
City | Cornwall |
Postal Code | K6H 1Y4 |
Area | Cornwall |
Subarea | Cornwall |
Community Name | Cornwall |
Listing VS Median (in Cornwall) | |
Price: $2,599,000 low | high Med: $1,649,450 SqFt: 36,415 low | high Med: 19,058 $ / SqFt: $71 low | high Med: $242 On Site: 78 low | high Med: 41.500000 |