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$ 850,000
Est. payment /mo
Active
495 Somerset ST W Ottawa Centre, ON K1R 5J7
2,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 2,000 sqft
Price per Sqft $425
Subdivision 4102 - Ottawa Centre
MLS Listing ID X11915584
Annual Tax Amount $20,500
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.6% or higher. 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.
Location
State ON
County Ottawa
Community 4102 - Ottawa Centre
Area Ottawa
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 32.4
Lot Depth 65.2
Others
Security Features No
Listed by ROYAL LEPAGE PERFORMANCE REALTY