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324 Elm St 650 SF of Retail Space Available in Sudbury, ON P3C 1V8
SPACE AVAILABILITY (1)
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- SPACE
- SIZE
- TERM
- RENTAL RATE
- RENT TYPE
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 650 SF | Jan 2027 | Upon Request Upon Request Upon Request Upon Request | TBD |
1st Floor
Remarks Rare, affordable street-level business opportunity! Step into ownership with this fully equipped, turnkey salon and barber bar located in a great location with excellent signage exposure on a high-traffic intersection. This 650 sq.ft. space offers modern, stylish finishes and comes complete with high-end salon equipment, including three sinks and professional stations, ready for you to start serving clients right away. Asset sale includes equipment and leasehold improvements. Current lease is a semi-gross rate of $1,212.75/month + HST + Hydro. Inquire for full list of inclusions or to book a viewing.
- Sublease space available from current tenant
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.
PROPERTY FACTS
| Total Space Available | 650 SF | Gross Leasable Area | 650 SF |
| Property Type | Retail | Year Built | 1966 |
| Total Space Available | 650 SF |
| Property Type | Retail |
| Gross Leasable Area | 650 SF |
| Year Built | 1966 |
ABOUT THE PROPERTY
Rare, affordable street-level opportunity! This 650 sq.ft. unit is available for sublease with excellent visibility and signage exposure in a high-traffic area, plus ample on-site parking. Zoned C2, the space is suitable for a wide range of uses including retail, office, or personal service. Currently fitted out as a luxury hair salon with three sinks, the existing tenant is open to selling high-end salon equipment—inquire for pricing and equipment list. Sublease runs until January 31, 2027, with the potential for a longer-term tenancy. Semi-gross rate of $1,212.75/month + HST + Hydro. Contact the listing agent for more details or to arrange a viewing.
NEARBY MAJOR RETAILERS
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324 Elm St
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