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390 Mcarthur Avenue Ottawa, Ontario K1L 6N6

8,500 ft2
Hot Water Radiator Heat Acreage

$3,200,000

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:37351)

Property Details

MLS® Number X9515599
Property Type Retail
Community Name 3404 - Vanier
ParkingSpaceTotal 21

Building

HeatingFuel Natural Gas
HeatingType Hot Water Radiator Heat
SizeInterior 8,500 Ft2
UtilityWater Municipal Water

Land

Acreage Yes
SizeDepth 116 Ft
SizeFrontage 140 Ft
SizeIrregular 1
SizeTotal 1.0000
SizeTotalText 1.0000
ZoningDescription Tm - Corridor

https://www.realtor.ca/real-estate/26901009/390-mcarthur-avenue-ottawa-3404-vanier

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Ian Hassell
Salesperson

(613) 794-8555
www.ianhassell.com/

RE/MAX Hallmark Realty Group
344 O'connor Street
Ottawa, Ontario K2P 1W1

(613) 563-1155
(613) 563-8710

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