Ottawa, ON K1L6N6,390 MCARTHUR AVENUE
Ottawa, ON K1L6N6,390 MCARTHUR AVENUE
Ottawa, ON K1L6N6,390 MCARTHUR AVENUE
Ottawa, ON K1L6N6,390 MCARTHUR AVENUE
Ottawa, ON K1L6N6,390 MCARTHUR AVENUE
Ottawa, ON K1L6N6,390 MCARTHUR AVENUE
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$ 3,200,000
Est. payment | /mo

8,500 SqFt


$ 3,200,000
Est. payment | /mo

8,500 SqFt

Key Details

Property Type Commercial

Sub Type Freehold

Listing Status Active

Purchase Type For Sale

Square Footage 8,500 sqft

Price per Sqft $376

Subdivision Vanier South/Overbrook

MLS® Listing ID 1391663

Originating Board Ottawa Real Estate Board

Year Built 1981

Property Description

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:24570)

Location

Province ON

Exterior

Garage No

Waterfront No

View Y/N No

Total Parking Spaces 21

Private Pool No

Others

Ownership Freehold

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Listed by RE/MAX HALLMARK REALTY GROUP
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"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(613) 867-6426

zoe@zoebrown.ca

Ottawa, ON, Canada

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390 MCARTHUR AVENUE