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:4069)
| Address |
390 MCARTHUR AVENUE |
| List Price |
$3,200,000 |
| Property Type |
Retail |
| Area |
Ontario |
| Sub-Area |
Ottawa |
| Floor Area |
8,500 Sq. Ft. |
| Lot Size |
140 ft X 116 ft (Irregular Lot) Sq. Ft. |
| Year Built |
1981 |
| MLS® Number |
1391663 |
| Listing Brokerage |
RE/MAX HALLMARK REALTY GROUP
|
| Postal Code |
K1L6N6 |
| Zoning |
TM - Corridor |
