$849,000
FOR SALE

Commercial/Retail

Lot: 32.42 x 65.17 ftTotal Area: 2,000 ft2

495 Somerset Street W
Ottawa, ON K1R 5J7 | Centretown

Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.55% or higher, determined by the current listing price. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio. (id:47421)
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Listed By ROYAL LEPAGE PERFORMANCE REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number 1388646
Last Updated May 15, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Neighbourhood Centretown
Price History

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Detailed Information
Lot 32.42 x 65.17 ft
Total Area 2,000 ft2
Listing Contract Date 2024-05-13
Municipal ID 041200026
Ownership Type Freehold
# of Parking Spaces 3
Property Type Retail
Transaction Type For sale
Zoning Description TM
Building
Land
Total Size 32.4 ft X 65.2 ft
Size of Irregular Land 32.4 ft X 65.2 ft

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