382 RIDEAU STREET, Ottawa

2024-07-05
 

Quick Summary

Location
382 RIDEAU STREET, Ottawa, Ontario K1N5Y8
Price
$299,000 CAD
Status:
For Sale
Property Type:
Business

MLS®#1401192

Property Description

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. The 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. In 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:32467)

Property Features

Building

  • Fireplace: No

Land

  • Land Size: * ft X 0.01 ft

Zoning

  • Description: TM6[158] F(3.5)H(19)

Information entered by COLDWELL BANKER SARAZEN REALTY
Listing information last updated on: 2024-07-05 22:12:16


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