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In-PersonVirtual Tour
$ 3,900,000
Est. payment | /mo
$ 3,900,000
Est. payment | /mo
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Subdivision 7502 - Merivale Industrial Park
MLS Listing ID X12449971
Annual Tax Amount $27,272
Tax Year 2025
Property Sub-Type Investment
Property Description
Prime Investment Opportunity to acquire a commercial property on .78 of an acre with high visibility at one of Ottawas busiest intersections, adjacent to Nepean Crossroads Centre and exposed to nearly 94,000 vehicles daily. The 8,993 sq. ft. building including Bell Canada, Massage Addict, Safety House and Smoke Fx is fully leased. A solid tenant base with rent escalations ensuring stable long-term income. Neighboring tenants include Canadian Tire, Rona, Dollarama, Mark's, The Brick, LCBO, Structube,Costco and more. Net Operating Income $195,000 (2024). Current market rents below market position property for strong future upside. Originally designed with the potential to expand the ground floor retail area by an additional 2,200 - 2,400 sq. ft., the property offers strong future upside. With no major capital costs anticipated for many years and a clean Phase 1 environmental report available, this is a rare opportunity to acquire a secure, high-performing investment in a premier location.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 251.0
Lot Depth 135.0
Others
ParcelsYN No
Virtual Tour https://youtu.be/VNM7XBAMdQo
Listed by EXP REALTY
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