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$ 850,000
Est. payment /mo
Active
495 Somerset ST W Ottawa Centre, ON K1R 5J7
2,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $425
Subdivision 4102 - Ottawa Centre
MLS Listing ID X11915584
Annual Tax Amount $20,500
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio.
Location
Province ON
County Ottawa
Community 4102 - Ottawa Centre
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 32.4
Lot Depth 65.2
Others
Security Features No
Listed by ROYAL LEPAGE PERFORMANCE REALTY
418 Iroquois Shore Rd Suite 103, Oakville, L6H, 0X7, Canada