390 MCARTHUR Avenue, Vanier and Kingsview Park | Image 1

390 MCARTHUR Avenue

Vanier and Kingsview Park, 3404 - Vanier

  • Commercial

$3,200,000
For Sale

Added 7 months ago

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  • Type: Commercial/Retail

  • Property Type: Commercial

  • Zoning: TM - Corridor

  • Age: No Data

  • Taxes: 33462

  • MLS®#: X9515599

  • Days on Site: 218 Days

  • Added: May 15, 2024 (7 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: RE/MAX HALLMARK REALTY GROUP

Well maintained commercial building currently used as a medical center, with a doctor's office, a pharmacy, and a dentist. Traditional Mainstreet Corridor (TM zone) allows a wide variety of retail and business uses. Built around 1981, with an annex built by Domicile in about 1987. Approximately 8,500 sq' gross floor area on 2 floors. It has frontage on 3 streets, and has 2 separate parking lots (21 parking spaces plus 5 cash in lieu). 2 units have been left vacant so a new buyer can either use the space, or find new tenants at market rates (likely $30 triple net).The medical practice occupies the upper floor, and they will rent back for a period of time at market rates, or vacate, depending on the buyer. Potential over $200,000 triple net income. Also has future development potential - TM Mainstreet Corridor - 9 storey building height permitted with new OP and new zoning bylaw, 14,284 sq' lot size (have your planner check it out).

Property

  • Status: Sale

  • Property Type: Commercial/Retail

  • Property Type: Retail

  • Net Income: 200000

  • Area: Vanier and Kingsview Park

  • Community: 3404 - Vanier

  • Availability Date: TBA

Building

  • Heat Type: Gas Hot Water

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Covered Parking Spaces: 21

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 3, PL 337 ; PT LTS 1 & 2, PL 337 , AS IN NS61788 ; PT LTS 37

  • Taxes: $33,462

  • Expenses: Act

  • Tax Year: 2023

Land

  • Cross Street: 3 blocks west of St

  • Municipality District: Vanier and Kingsview Park

  • Parcel Number: 042460001

  • Lot Depth: 116 Feet

  • Lot Frontage: 140 Feet

  • Lot Irregularities: 1

  • Zoning: TM - Corridor

Additional Media

  • Virtual Tour: http://freeottawainfo.com/390_McArthur_Brochure2.pdf

Commercial Specific

  • Retail Area: 8500

  • Retail Area Metric: Sq Ft

  • Total Area: 8500

  • Total Area Metric: Sq Ft

  • Franchise: N

  • Tangible Property Included: N

  • Financial Statement: N

Map of 390 MCARTHUR Avenue, Vanier and Kingsview Park
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