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613-761-0123

390 MCARTHUR AVENUE
Ottawa, Ontario K1L6N6

$3,200,000

ID# X9515599
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:25961)
Courtesy of RE/MAX HALLMARK REALTY GROUP

Listed on: May 15, 2024

On market: 196 days
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Address Price Bed Bath SqFt Area Sub Area Brokerage
351 RIVERWOOD DRIVE Ottawa
351 RIVERWOOD DRIVE
 $624,900 3 2 99.86 x 149.72 FT ; 0|under 1/2 acre Ottawa ROYAL LEPAGE TEAM REALTY
4 - 305 RIDEAU STREET Ottawa
4 - 305 RIDEAU STREET
 $149,000 - - Ottawa COLDWELL BANKER SARAZEN REALTY
143-159 MONTREAL ROAD Ottawa
143-159 MONTREAL ROAD
 $5,500,000 - - Unit=150 x 200 FT ; 1|1/2 - 1.99 acres Ottawa ROYAL LEPAGE PERFORMANCE REALTY
307 - 111 CHAMPAGNE AVENUE S Ottawa
307 - 111 CHAMPAGNE AVENUE S
 $654,900 2 2 Ottawa RE/MAX HALLMARK REALTY GROUP
308 - 315 TERRAVITA ROAD Ottawa
308 - 315 TERRAVITA ROAD
 $369,900 2 1 Ottawa BENNETT PROPERTY SHOP REALTY
33 DURHAM Ottawa
33 DURHAM
 $1,769,000 5 4 52.09 ; 1 Ottawa ROYAL LEPAGE TEAM REALTY
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