132 SECOND Street East, Cornwall | Image 1

132 SECOND Street East

Cornwall, 717 - Cornwall

  • Commercial

$2,599,000
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Zoning: CBD

  • Age: 51-99 years

  • Taxes: 136113.59

  • MLS®#: X9410598

  • Days on Site: 91 Days

  • Added: Jul 22, 2024 (2 months ago)

  • Updated:

  • Last Checked: 4 hours ago

  • 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

7-8

St. Matthew Catholic Elementary School

Elementary: Catholic
1.32 km
JK-6

Immaculate Conception Separate School

Elementary: Catholic
1.05 km
7-8

Cornwall Intermediate School

Elementary: Public
0.50 km
JK-8

St Columban's Catholic Elementary School

Elementary: Catholic
0.55 km
JK-8

Bishop Macdonell Separate School

Elementary: Catholic
0.32 km
JK-6

Central Public School

Elementary: Public
0.10 km
9-12

St Matthew Catholic Secondary School

Secondary: Catholic
1.33 km
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École secondaire publique L'Héritage

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1.95 km
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St Lawrence Secondary School

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2.45 km
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École secondaire catholique La Citadelle

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1.05 km
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Cornwall Collegiate and Vocational School

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0.50 km
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St Joseph's Secondary School

Secondary: Catholic
2.79 km