Added 1 day ago
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Type: Office
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Property Type: Commercial
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Business Type: Medical/Dental
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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®#: X11899934
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Added: Dec 23, 2024 (1 day ago)
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Updated:
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Last Checked: 3 hours ago
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Listed By: RE/MAX RISE EXECUTIVES, BROKERAGE
132 Second Street East, Cornwall is a four-storey office building with approximately 38,872 sq.ft. of gross rentable floor area, including31,464 sq.ft. of usable space. The property sits on a 0.90-acre lot with approximately 54 exterior parking spaces. It is located in the city core, just two blocks from the waterfront parks along the St. Lawrence River and the Cornwall Square Shopping Centre, and within four blocks of City Hall. The building is partially leased to professional office tenants including a law office and the Ontario Realty Corporation. It features a hydraulic elevator, and the Central Business District zoning permits a broad range of uses, such as professional offices, restaurants, banks, and multi-family. This property is ideal for conversion into mixed-use with a residential/commercial main floor mix or enhancement through a progressive lease-up program. Approximately 28,486 sq.ft. is available for lease-up, with the building already divided and existing leaseholds in place, including per-floor washrooms and kitchenette areas with sinks. It's an impressive building in appearance, with a rooftop workshop/storage area that offers potential future revenue value. The irregular lot with on-site parking and prime downtown location, makes for a great opportunity. This sale is being conducted under a Power of Sale Action.
Property
Status: Sale
Type: Medical/Dental
Property Type: Office
Property Type: Office
Age: 51-99
Area: Cornwall
Community: 717 - Cornwall
Availability Date: Assume Tenants
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Heat Type: Gas Forced Air Closd
Elevator: Public
Freestanding: Y
Water Supply: Municipal
Parking
Garage Type: Outside/Surface
Fees
Tax Year: 2024
Tax Legal Description: PT LT 11 N/S FIRST ST, PT LT 10 S/S SECOND ST, PT LT 11 S/S SECO
Taxes: $136,114
Taxes Type: Annual
Land
Cross Street: Downtown core
Municipality District: Cornwall
Parcel Number: 601660015
Lot Frontage: 122 Feet
Lot Irregularities: See GeoWarehouse Repo
Zoning: CBD
Commercial Specific
Sprinklers: N
Total Area: 38872
Total Area Metric: Sq Ft Divisible
Office Size: 31464
Office Size Metric: Sq Ft Divisible
Lot Code: Building
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
