Your opportunity to acquire a high-traffic retail site with a stand-alone building and mid-rise zoning in place in the heart of Orleans. The lot is 18,212 sf with AM3 zoning permitting up to 30 meters of development to a maximum of nine stories. Additional uses include restaurant, retail, mixed-use, and residential to name a few. The building is 1,982 sf and is rented to an auto glass repair tenant with a lease expiring September 30, 2026. The lease is fully triple net. The building has more than 200 amp 600-volt 3-phase power with a transformer installed. Purchase this property for your personal future use or development project. The property valuation reflects the opportunity for an owner/operator, or developer and is not based on the income approach. The tenant has an option to renew the lease for two terms of five years. The Seller is willing to facilitate negotiations for the Buyer to buy out and terminate the lease if vacant possession is desired. (id:4069)
Address
2795 ST JOSEPH BOULEVARD
List Price
$2,600,000
Property Type
Retail
Area
Ontario
Sub-Area
Ottawa
Bathrooms
1
Floor Area
1,982 Sq. Ft.
Lot Size
112.39 x 162.26 FT Sq. Ft.
MLS® Number
X11824403
Listing Brokerage
KELLER WILLIAMS INTEGRITY REALTY
Postal Code
K1C1G4
Zoning
AM3
