350 Booth St

4,034 SF 100% Leased Retail Building Ottawa, ON K1R 7K4 $1,539,969 USD ($382 USD/SF) 7.50% Cap Rate

INVESTMENT HIGHLIGHTS

  • Iconic building located on a corner lot
  • 6 Parking spots on site
  • Commercial and residential investment opportunity
  • Existing commercial tenant (restaurant) on ground floor and 3 appartments on the upper floor
  • Restaurant that fits 100 seats inside, plus 25 seats on the patio
  • Excellent location on Booth Street

EXECUTIVE SUMMARY

7.5% cap rate. ICONIC building located on a CORNER lot with existing commercial tenant (restaurant) that's been operating since 1995 on the ground floor unit. This can be a turn-key investment or for self use owner occupied as well. 3 Apartments on the upper floor. Each unit approx 600-700sqft. 6 Parking spots on site. Restaurant seats 100 with 25 patio seating as well. Liquor licensed. Restaurant premise is approx 2000sqft. Functional lower level and being used as part of the restaurant for preparation, fridges, freezers and storage. 2nd floor with 3 two bedroom apartments, kitchen, living/dining area, full bathroom. Each apartment pays their own hydro. Well maintained building and Turn-key investment. Roof replaced 2012.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
4,034 SF
Building Class
C
Year Built
1985
Price
$1,539,969 USD
Price Per SF
$382 USD
Cap Rate
7.50%
NOI
$115,498 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Zoning
Commercial GM2 & RH4
Parking
6 Spaces (1.49 Spaces per 1,000 SF Leased)
Walk Score®
Walker's Paradise (97)
Transit Score®
Excellent Transit (77)
Bike Score®
Biker's Paradise (92)

NEARBY MAJOR RETAILERS

Hero Certified Burgers
CrossFit
Scotiabank
Starbucks
Tim Hortons
The Famous Owl of Minerva
Second Cup Cafe
Anytime Fitness
CIBC
Bâton Rouge Grillhouse & Bar
  • Listing ID: 32002457

  • Date on Market: 6/3/2024

  • Last Updated:

  • Address: 350 Booth St, Ottawa, ON K1R 7K4