390 MCARTHUR

Home Details

Description

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). (id:39198)

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Additional media

http://freeottawainfo.com/390_McArthur_Brochure2.pdf

Property taxes

$33,462.00 per year / $2,788.50 per month

Basement

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Year build

1981

Type

Retail

Bedrooms

null

Bathrooms

null

Parking spots

21 Total

Floor

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Balcony

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Pool

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External material

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Roof type

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Lot frontage

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Lot depth

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Heating

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Fire place(s)

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