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.
MLS # | X12096281 |
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Listing Type | For Sale |
Sub-Type | Resale |
Status | New |
Days On Site | 89 |
Listing Provided By | AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES | X12096281 478300 |
SQ Feet | 8,738 |
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Acreage | 0.20 |
Cooling | Yes |
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Province | ON |
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Region | Ottawa |
City | Ottawa Centre |
Postal Code | K2P 1X9 |
Area | 4103 Ottawa Centre |
Listing VS Median (in K2P 1X9) | |
Price: $4,900,000 low | high Med: $4,900,000 SqFt: 8,738 low | high Med: 8,738 $ / SqFt: $561 low | high Med: $561 On site: 89 low | high Med: 89.000000 |