14,850 ft²Retail$4,599,000Sale
14,850 ft²
Retail
$4,599,000
Sale
Gillian Burnside
Avison Young Ottawa
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691-701 Somerset Street West is the one Chinatown’s most recognizable and identifiable commercial properties. This investment represents the opportunity to own a prestigious location, solid investment, and a site for potential redevelopment.
- Retail investment opportunity
- Suitable for owner-user occupancy
- Three retail units on the ground floor are fully leased.
- Currently 10,000 sf available for lease (approx.)
- Spiral staircase to the second floor and an elevator
- Ample parking onsite
- Within the 600m buffer of the Pimisi LRT station
- Substantial upgrades and improvements have been completed at the property and a complete list can be provided upon request.
- Upon completion of a Confidentiality Agreement prospective buyers will be provided a copy of the rent roll
The Space
Asking Price$4,599,000
Available Space14,850 ft²
SourceBuildout
The Building - Retail Investment Opportunity
Located on Somerset Street West and Cambridge Street North and situated at the Chinatown Royal Gateway at Bronson Avenue
Property TypeRetail
Floors2
Building Size14,850 ft²
Lot Size0.17 AC
ZoningTraditional Mainstreet Zoning TM[112]H(16)
Up to $500K for Ontario businesses
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