For Sale Business

290 Bank Street

$20,000
Ottawa, Ontario K2P 1X6 MLS® X13084316
1,750 sqft Interior
Unit=37.45 X 98.88 Ft Lot size
Fully Air Conditioned Forced Air

About this home

Iconic Centre Town location available as an asset sale with lease assumption, situated at the high-visibility corner of Bank Street and Somerset Street West. This turn-key, beautifully finished space offers a contemporary interior ideal for a quick-service retail business.The 1,750 sq. ft. unit is positioned directly on the northwest corner of the intersection and features high ceilings, two bathrooms, a kitchen prep area, a service counter, and ample bench and chair seating. This is a rare opportunity to secure lease rights to a prime retail corner and elevate your business in one of Ottawa's most vibrant urban districts.Enjoy exceptional exposure with high pedestrian and vehicular traffic in the heart of the city. The existing lease runs until June 2028, providing strong long-term stability for the new operator.The lease is triple net (NNN) with a current base rent of $5,700 per month, the additional rent is $2,354 for building operating costs, HST, insurance, etc. (id:28469)

Facts & features

Property

MLS® Number
X13084316
Property Type
Business
Community Name
4102 - Ottawa Centre
Amenities Near By
Public Transit
Farm Type
Other

Building

Cooling Type
Fully Air Conditioned
Heating Type
Forced Air
Size Interior
1,750 Sqft
Utility Water
Municipal Water

Land

Acreage
No
Land Amenities
Public Transit
Size Depth
98 Ft ,10 In
Size Frontage
37 Ft ,5 In
Size Irregular
Unit=37.45 X 98.88 Ft
Size Total Text
Unit=37.45 X 98.88 Ft
Zoning Description
Tm[440]h(19)

Monthly payment estimate

$
Estimated payment per month
Mortgage amount
Total interest

Estimate only — excludes property tax, insurance and condo fees. Rates compound semi-annually as is standard for Canadian mortgages.

Location

290 Bank Street, Ottawa, Ontario K2P 1X6  ·  Get directions