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  • 122 Clarence Street, Ottawa, ON
  • 122 Clarence Street, Ottawa, ON
  • 122 Clarence Street, Ottawa, ON

12,995 ft²
Office / Retail
$5,250,000
Sale


122 Clarence Street is a multi-tenant retail and office building located in Ottawa's famous Byward Market area and anchored by Shopper's Drug Mart. The area surrounding the building has seen, and continues to see, a variety of large scale developments, as of late, such as large condominium complexes and hotels.


The Space
Asking Price$5,250,000
Available Space12,995 ft²
Net Operating Income$265049
Property UseInvestment property / Vacant or owner user
Taxes$116,316/yr
MLS® ID1245680
Cap Rate5%
Net Operating Income$265,049/yr
Operating Cost ($/sf/yr)$15.0/sf/yr
SourceDirect

The Building

Sitting on the signalized corner of Clarence and Dalhousie St., the property's excellent visibility ensures both high automotive and pedestrian traffic. Recent improvements include the addition of a large indoor/outdoor patio area and the opening of an entrance onto Clarence Street to provide another small retail unit.

Property TypeOffice / Retail
Floors2
Building Size12,995 ft²
Lot Size9,095 ft²
ZoningMD2 S73
Frontage91'0"
Year Built1920
Office Portion6,377 ft²
Retail Portion6,618 ft²
Freight Elevators1