Added 4 months ago
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Type: Sale Of Business
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Property Type: Commercial
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Zoning: CBD
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Age: 51-99 years
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Taxes: 136113.59
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MLS®#: X9410598
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Days on Site: 118 Days
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Added: Jul 21, 2024 (4 months ago)
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Updated:
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Last Checked: 9 hours ago
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Listed By: Re/Max Rise Executives, Brokerage
The subject property is a 4 storey office building comprising approx. 38,872 sq.ft. (Gross Rentable Floor Area) w/31,464 sq.ft Property is situated on a 0.90 acre lot with approx. 56 exterior parking spaces in the city core within two blocks of the waterfront parks along the St. Lawrence River and the Cornwall Square Shopping Centre and within four blocks of the City Hall The building is partially leased to professional office tenants including Law Office and Ontario Realty Corporation. The property is serviced with a hydraulic elevator system. The Central Business District Zoning offers a broad range of allowable uses within including professional office, restaurants, bank & multi-family. This property is ideal for future conversion into mix used development (residential/commercial main floor mix), or to enhance through progressive lease up program. Approx. 28,486 sq.ft. available for lease up within, with building pre-divided and office leasehold demising in place, in addition to per floor washroom facilities w/per suite and as built kitchenette areas / sinks. Impressive building in appearance, rooftop workshop/storage area may hold future revenue value, irregular lot w/onsite parking and prime location in downtown core. Sale under Power of Sale Action.
Property
Status: Sale
Property Type: Sale Of Business
Property Type: With Property
Age: 51-99
Area: Cornwall
Community: 717 - Cornwall
Availability Date: Assume Tenants
Assessment Amount: $19,244,000
Assessment Year: 2023
Building
Basement: N
Elevator: Public
Outside Storage: N
Water Supply: Municipal
Fees
Tax Year: 2024
Tax Legal Description: See Remarks
Taxes: $136,114
Land
Cross Street: Second Street E betw
Municipality District: Cornwall
Parcel Number: 601660015
Sewer: Sewers
Lot Frontage: 122 Acres
Zoning: CBD
Commercial Specific
Rail: N
Total Area: 36415
Total Area Metric: Sq Ft
Tangible Property Included: N
Crane: N
St. Matthew Catholic Elementary School
Elementary: CatholicImmaculate Conception Separate School
Elementary: CatholicCornwall Intermediate School
Elementary: PublicSt Columban's Catholic Elementary School
Elementary: CatholicBishop Macdonell Separate School
Elementary: CatholicCentral Public School
Elementary: PublicSt Matthew Catholic Secondary School
Secondary: CatholicÉcole secondaire publique L'Héritage
Secondary: PublicSt Lawrence Secondary School
Secondary: PublicÉcole secondaire catholique La Citadelle
Secondary: CatholicCornwall Collegiate and Vocational School
Secondary: PublicSt Joseph's Secondary School
Secondary: Catholic
