Log In/Sign Up
Your email has been sent.
691-701 Somerset St W 14,324 SF 100% Leased Retail Building Ottawa, ON K1P 6P5 $3,496,504 USD ($244.10 USD/SF) 5.48% Cap Rate
Investment Highlights
- Investment opportunity with future redevelopment potential
- 10,000 sf (approx.) available for lease
- Substantial upgrades and improvements have been completed at the property and a complete list can be provided upon request
- Three retail units on the ground floor are fully leased
- Ample parking
- Suitable for owner-user occupancy
Executive Summary
691-701 Somerset Street West is the one Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue this investment represents the opportunity to own a prestigious location, solid investment, and a site for potential redevelopment. The property is currently 100% leased.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
14,324 SF
Building Class
C
Year Built
1985
Price
$3,496,504 USD
Price Per SF
$244.10 USD
Cap Rate
5.48%
NOI
$191,579 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.89
Lot Size
0.17 AC
Zoning
TM[112] H(16) - Traditional Mainstreet Zoning
Parking
12 Spaces (0.84 Spaces per 1,000 SF Leased)
Frontage
Amenities
- Controlled Access
- Corner Lot
- Restaurant
- Security System
- Signage
- Signalized Intersection
- Outdoor Seating
Exceptionally walkable
100/100
Moderately drivable
70/100
Exceptional public transit
100/100
Very bikeable
80/100
Nearby Major Retailers
Contacts
-
Gillian Burnside -
Ron Milligan -
James Pero -
Avison Young Commercial Real Estate
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
Presented by
691-701 Somerset St W
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.