382 RIDEAU STREET

Business For Sale in Lower Town Sandy Hill (4003 Sandy Hill), Ontario

$299,000
A well-established Asian grocery store located on Rideau St, in the prime commercial district of downtown Ottawa. This spacious store spans 2,000 square feet, offering ample room to showcase a wide variety of products, including packaged foods, household items, and specialty Asian snacks, catering to diverse customer needs.\r\n\r\nThe current lease terms are favorable, providing stability for potential buyers. The monthly rent before tax is $5,500, which includes building maintenance and HVAC services. The lease has one year remaining with an option to renew for five more years, providing long-term security. The store also comes with one parking space and waste management facilities, including a dumpster.\r\n\r\nIn the fiscal year 2022-2023, the store achieved a revenue of CAD 1.23 million. The steady income is driven by a loyal customer base and the strategic location. This is a highly promising investment opportunity. (id:4069)
Address 382 RIDEAU STREET
List Price $299,000
Property Type Business
Area Ontario
Sub-Area Lower Town Sandy Hill (4003 Sandy Hill)
Lot Size Unit=0.01 Sq. Ft.
MLS® Number X9516002
Listing Brokerage COLDWELL BANKER SARAZEN REALTY
Postal Code K1N5Y8
Zoning TM6[158] F(3.5)H(19)

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