Your email has been sent.
254 Preston St 3,000 SF of Retail Space Available in Ottawa, ON K1R 7R4
Highlights
- Prominent second-floor location at the corner of Preston Street and Gladstone Avenue in the heart of Little Italy.
- High-visibility setting with strong pedestrian and vehicular traffic just steps from the Corso Italia LRT Station.
- Expansive open-concept layout with large east- and south-facing windows that provide abundant natural light.
- Flexible configuration with two washrooms and a bar area suitable for office, event, lounge, and professional service users.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 2nd Floor | 3,000 SF | Negotiable | $15.97 USD/SF/YR $1.33 USD/SF/MO $47,895 USD/YR $3,991 USD/MO | Triple Net (NNN) |
2nd Floor
Prime Second Floor Little Italy location at the corner of Preston Street and Gladstone Avenue. The space features 3,000 square feet of open concept space, many windows facing east and south bringing lots of natural light, two washrooms, and a bar area. High visibility location benefits from a large volume of pedestrian and vehicular traffic, steps away from Corso Italia LRT station and is surrounded by many well known restaurants, cafes, shops. Can be used for a variety of uses not limited to office space, lounge space, event space, professional service uses. Monthly Rent $5,500 per month plus HST. Tenant pays Heat & Hydro.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Drinking Establishment
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 254 Preston St, Ottawa, ON K1R 7R4
- Tenant
- Description
- CAN Locations
- Reach
- Trattoria Caffe Italia
- Restaurant
- 1
- -
| Tenant | Description | CAN Locations | Reach |
| Trattoria Caffe Italia | Restaurant | 1 | - |
Property Facts
| Total Space Available | 3,000 SF | Gross Leasable Area | 10,026 SF |
| Property Type | Retail | Year Built | 1922 |
| Property Subtype | Restaurant |
| Total Space Available | 3,000 SF |
| Property Type | Retail |
| Property Subtype | Restaurant |
| Gross Leasable Area | 10,026 SF |
| Year Built | 1922 |
About the Property
254 Preston Street is a commercial property located at the intersection of Preston Street and Gladstone Avenue in Ottawa's Little Italy neighborhood. The building was constructed in 1922 and is positioned along a mixed-use commercial corridor with access to public transit, the O-Train network, downtown Ottawa, restaurants, retail businesses, and neighborhood services.
- Bus Line
- Corner Lot
- Dedicated Turn Lane
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Roof Terrace
Nearby Major Retailers
Presented by
254 Preston St
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.