RESESSION PROOF, INFLATION PROOF: develop the excess land and increase revenues. This building is totally leased with a variety of tenants including outdoor storage units. Regardless of the economy this property will continue to produce income. This well-maintained single-story building in Kinburn/ Ottawa, 30 minutes Parliament Hill and 15 minutes from Arnprior, has 28,900 sq. ft. of light industrial, manufacturing and office space with a large, paved parking lot. It is built on 7.9 acres of land (3 acres is considered excess land) and boasts a fiber optic system throughout the building. Develop the excess land and increase revenues. The owner will consider staying on as well as possibly retaining equity in the project. “Please refer to Information Sheets attached. Presently has a 6.3%cap rate. (id:47421)
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Detailed Information
Listing Contract Date
2024-09-17
Municipal ID
045520117
Ownership Type
Freehold
# of Parking Spaces
88
Property Type
Industrial
Transaction Type
For sale
Zoning Description
vm
Business
Business Type
Industrial
Business Subtype
Light industrial
Building
Constructed Date
1970
Heating Fuel
Propane
Utility Power
Three Phase
Land
Total Size
7.5 acres
Acreage
Yes
Size of Irregular Land
7.5
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