1380 Wellington St W 2,512 SF 100% Leased Retail Building Ottawa, ON K1Y 2X2 £1,196,555 (£476.34/SF)

INVESTMENT HIGHLIGHTS

  • Owner wants to lease back upon closing for a limited time.
  • The zoning code allows the construction of a mixed-use up to 6 floors.
  • 2 heating systems (HVAC and suspended heaters). Lot size 11,517sf that can accommodate 25-35 cars. Corner lot.

EXECUTIVE SUMMARY

First time in 40 years, the Duss Brothers BMW Garage is on the market. This 2,512 square foot building includes 3 service bays, 3 hoists, and 3 garage doors measuring 10' x 12' each. Additionally, there is one office, and a supply room. The sale includes both business and all equipment. The building is equipped with two heating systems: an HVAC system for the office and suspended heaters for the garage. Situated on an 11,517 square foot corner lot, the property can accommodate 25-30 cars. It comes with the necessary licenses for car mechanic and car sales operations. There are also three 24-foot containers available. The sale includes garage and office equipment, with a detailed list to be determined. This is a unique location for any business, thanks to its spacious parking lot and easy access to the 417. The zoning code permits the construction of mixed-use properties up to 6 floors. A Vendor Take Back (VTB) is available for qualified buyers with attractive interest rates. The seller is open to a sale/leaseback arrangement under certain conditions. A Phase 2 environmental inspection report will be available upon the acceptance of an offer.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
Tenants option to buy property
Property Type
Retail
Property Subtype
Auto Repair
Building Size
2,512 SF
Year Built
1950
Price
£1,196,555
Price Per SF
£476.34
Percent Leased
100%
Number of Floors
1
Building FAR
0.22
Lot Size
0.26 AC
Zoning
TM11 - TM – Traditional Mainstreet Zone can accommodate a broad range of uses including retail, commercial, office, residential, institutional & Mixed-Use.
Parking
11.94 Spaces per 1,000 SF Leased
Frontage
113 ft on Wellington West

AMENITIES

  • Bus Route
  • Corner Lot
  • Air Conditioning
Walk Score®
Walker's Paradise (96)
Transit Score®
Excellent Transit (78)
Bike Score®
Biker's Paradise (99)

NEARBY MAJOR RETAILERS

Real Canadian Superstore
CIBC
RBC Royal Bank
Farm Boy
Club Pilates
Anytime Fitness
Metro, Inc.
Td Canada Trust
Scotiabank
Second Cup Cafe
  • Listing ID: 31547076

  • Date on Market: 18/04/2024

  • Last Updated:

  • Address: 1380 Wellington St W, Ottawa, ON K1Y 2X2