382 RIDEAU STREET, Ottawa, Ontario, K1N5Y8
MLS: X12939338 | Business
$100,000
Property 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:64974)
Quick Facts
- Property Type: Business
- Bedrooms: None
- Bathrooms: 1
- Frontage: 132 ft (40.2 m)
Listing Provided by: KELLER WILLIAMS ICON REALTY
Board: Ottawa Real Estate Board
Data provided via CREA DDF®.
Detailed Features
Interior & Systems
- Heating: Forced air, Natural gas
- Cooling: Fully air conditioned
- Appliances: Freezer
Exterior & Construction
- Water: Municipal water
Lot & Land
- Frontage: 132 ft (40.2 m)
- Zoning: TM
Community & Neighbourhood
- Neighbourhood: 4003 - Sandy Hill
Listing Information
Listing History
MLS listing activity for 382 RIDEAU STREET, Ottawa, Ontario, K1N5Y8 — dates reflect when changes were recorded in the DDF
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382 RIDEAU STREET, Ottawa, Ontario, K1N5Y8