132 Second Street East, Cornwall is a four-storey office building with approximately 38,872 sq.ft. of gross rentable floor area, including31,464 sq.ft. of usable space. The property sits on a 0.90-acre lot with approximately 54 exterior parking spaces. It is located in the city core, just two blocks from the waterfront parks along the St. Lawrence River and the Cornwall Square Shopping Centre, and within four blocks of City Hall. The building is partially leased to professional office tenants including a law office and the Ontario Realty Corporation. It features a hydraulic elevator, and the Central Business District zoning permits a broad range of uses, such as professional offices, restaurants, banks, and multi-family. This property is ideal for conversion into mixed-use with a residential/commercial main floor mix or enhancement through a progressive lease-up program. Approximately 28,486 sq.ft. is available for lease-up, with the building already divided and existing leaseholds in place, including per-floor washrooms and kitchenette areas with sinks. It's an impressive building in appearance, with a rooftop workshop/storage area that offers potential future revenue value. The irregular lot with on-site parking and prime downtown location, makes for a great opportunity. This sale is being conducted under a Power of Sale Action. (id:47423)
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Detailed Information
Lot
122 x 0 ft
Features
Irregular lot size, Elevator
Listing Contract Date
2024-12-23
Location Description
Downtown core
Property Type
Office
Transaction Type
For sale
Zoning Description
CBD
Building
Cooling Type
Fully air conditioned
Heating Fuel
Natural gas
Heating Type
Forced air
Size (Exterior)
38872 square feet
Type
Offices
Utility Water
Municipal water
Land
Total Size
Bldg=122 FT ; See GeoWarehouse Report - irregular lot
Size of Irregular Land
Bldg=122 FT ; See GeoWarehouse Report - irregular lot
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