$299,000 FOR SALE

Business for Sale

Grocery

382 Rideau Street
Ottawa, ON K1N 5Y8 | Sandy Hill

A well-established Asian grocery store located on Rideau St, in the prime commercial district of downtown Ottawa. This spacious store spans 2,000 square feet, offering ample room to showcase a wide variety of products, including packaged foods, household items, and specialty Asian snacks, catering to diverse customer needs. The current lease terms are favorable, providing stability for potential buyers. The monthly rent before tax is $5,500, which includes building maintenance and HVAC services. The lease has one year remaining with an option to renew for five more years, providing long-term security. The store also comes with one parking space and waste management facilities, including a dumpster. In the fiscal year 2022-2023, the store achieved a revenue of CAD 1.23 million. The steady income is driven by a loyal customer base and the strategic location. This is a highly promising investment opportunity. (id:47423)

Share

Listed By COLDWELL BANKER SARAZEN REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1401192
Last Updated Jul 05, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Grocery
Franchise Non-Franchise
Neighbourhood Sandy Hill
Price History
Interested in obtaining the full price history for this property?
Contact us!Contact us! Our real estate professionals would be happy to provide a complete listing history with historical sold prices and dates.

Detailed Information
Listing Contract Date 2024-07-05
Property Type Business
Transaction Type For sale
Zoning Description TM6[158] F(3.5)H(19)
Business
Business Type Food Services and Beverage
Business Subtype Grocery
Building
Land
Total Size * ft X 0.01 ft
Size of Irregular Land * ft X 0.01 ft

The information contained on this site is based in whole or in part on information that is provided under copyright by the Toronto Regional Real Estate Board (TRREB) or by members of The Canadian Real Estate Association (CREA), who are responsible for its accuracy. TRREB and CREA reproduce and distribute this information as a service for their members and assume no responsibility for its accuracy. All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations of any kind are made with respect to the accuracy of such information.
The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose.