382 RIDEAU Street, Lower Town - Sandy Hill | Image 1
$XXX,XXX
For Sale

Added 4 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Grocery/Supermarket

  • Zoning: TM6[158] F(3.5)H

  • Age: No Data

  • MLS®#: X9516002

  • Days on Site: 135 Days

  • Added: Jul 05, 2024 (4 months ago)

  • Updated:

  • Last Checked: 10 hours ago

  • Listed By: COLDWELL BANKER SARAZEN REALTY

A well-established Asian grocery store located on Rideau St, in the prime commercial district of downtown Ottawa. This spacious store spans 2,000 square feet, offering ample room to showcase a wide variety of products, including packaged foods, household items, and specialty Asian snacks, catering to diverse customer needs. The current lease terms are favorable, providing stability for potential buyers. The monthly rent before tax is $5,500, which includes building maintenance and HVAC services. The lease has one year remaining with an option to renew for five more years, providing long-term security. The store also comes with one parking space and waste management facilities, including a dumpster. In the fiscal year 2022-2023, the store achieved a revenue of CAD 1.23 million. The steady income is driven by a loyal customer base and the strategic location. This is a highly promising investment opportunity.

Property

  • Status: Sale

  • Type: Grocery/Supermarket

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Lower Town - Sandy Hill

  • Community: 4003 - Sandy Hill

  • Availability Date: TBA

Land

  • Cross Street: Take King Edward Ave

  • Municipality District: Lower Town - Sandy Hill

  • Lot Depth: 0.01

  • Zoning: TM6[158] F(3.5)H

Commercial Specific

  • Business/Building Name: Mergi Shop

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