MLS#: X12939338Listed: about 4 hours agoUpdated:about 4 hours ago
Description
Turnkey Asian grocery business located in the prime commercial corridor of Rideau Street in downtown Ottawa. This well-established business operates in an approximately 2,000 sq. ft. retail space, offering a wide range of Asian grocery products and serving a loyal and consistent customer base.The lease has been recently renewed for a 5-year term (2025-2030), providing long-term stability. Current base rent is $44,000/year for the first two years and $46,000/year for the remaining term, plus HST, with total monthly occupancy costs approximately ranging from $6,400 to $6,600.The property offers excellent accessibility, including 12 shared parking spaces at the rear plus 1 dedicated parking space, along with access to waste management facilities. Flexible permitted uses (excluding Korean restaurant and cannabis-related uses) allow for various retail or food-related concepts.A key value-add is the established supplier network, including access to unique product sourcing channels not commonly available to standard retail operators, providing strong competitive advantage and margin potential.A great opportunity for owner-operators or investors seeking a stable, income-generating business in a high-traffic downtown location. (id:58075)
Details
Details for 382 Rideau Street, Ottawa, Ontario
Property Type
Business
Building Type
-
Storeys
-
Neighborhood
4003 - Sandy Hill
Land Size
132 x 99 FT
Year Built
-
Annual Property Taxes
$0
Parking Type
-
Inside
Appliances
Freezer
Rooms
-
Bedrooms
-
Bathrooms
1
Fireplace
-
Fireplace Total
-
Basement
-
Building
Architecture Style
-
Direction
Cross Streets: Friel St. ** Directions: Take King Edward Ave, turn right onto Rideau St.