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$ 3,200,000
Est. payment /mo
Active
390 MCARTHUR AVENUE Ottawa, ON K1L6N6
8,500 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 8,500 sqft
Price per Sqft $376
Subdivision 3404 - Vanier
MLS® Listing ID X9515599
Originating Board Ottawa Real Estate Board
Lot Size 1 Sqft
Acres 1.0
Property Description
Well maintained commercial building currently used as a medical center, with a doctor's office, a pharmacy, and a dentist. Traditional Mainstreet Corridor (TM zone) allows a wide variety of retail and business uses. Built around 1981, with an annex built by Domicile in about 1987. Approximately 8,500 sq' gross floor area on 2 floors. It has frontage on 3 streets, and has 2 separate parking lots (21 parking spaces plus 5 cash in lieu). 2 units have been left vacant so a new buyer can either use the space, or find new tenants at market rates (likely $30 triple net).The medical practice occupies the upper floor, and they will rent back for a period of time at market rates, or vacate, depending on the buyer. Potential over $200,000 triple net income. Also has future development potential - TM Mainstreet Corridor - 9 storey building height permitted with new OP and new zoning bylaw, 14,284 sq' lot size (have your planner check it out). (id:24570)
Location
State ON
Interior
Heating Hot water radiator heat
Exterior
Parking Features No
View Y/N No
Total Parking Spaces 21
Private Pool No
Others
Virtual Tour https://freeottawainfo.com/390_McArthur_Brochure2.pdf
Listed by RE/MAX HALLMARK REALTY GROUP