Ottawa, ON K1L6N6 390 MCARTHUR AVENUE
$3,200,000
25 more
Presented By: RE/MAX HALLMARK REALTY GROUP
Home Details
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:7434)
Presented By: RE/MAX HALLMARK REALTY GROUP
Interior Features for 390 MCARTHUR AVENUE
Other Interior Features
Building Fireplace PresentFalse
General for 390 MCARTHUR AVENUE
NeighbourhoodVanier South/Overbrook
Ownership TypeFreehold
Parking Space Total21
Property TypeRetail
Zoning DescriptionTM - Corridor
Additional Details
Paul Dojcinovic
TEAM LEADER, REALTOR® at eXp Realty