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382 Rideau Street Ottawa, Ontario K1N 5Y8

$299,000

A well-established Asian grocery store located on Rideau St, in the prime commercial district of downtown Ottawa. This spacious store spans 2,000 square feet, offering ample room to showcase a wide variety of products, including packaged foods, household items, and specialty Asian snacks, catering to diverse customer needs. The current lease terms are favorable, providing stability for potential buyers. The monthly rent before tax is $5,500, which includes building maintenance and HVAC services. The lease has one year remaining with an option to renew for five more years, providing long-term security. The store also comes with one parking space and waste management facilities, including a dumpster. In the fiscal year 2022-2023, the store achieved a revenue of CAD 1.23 million. The steady income is driven by a loyal customer base and the strategic location. This is a highly promising investment opportunity. (id:53622)

Business

Business Type Food Services and Beverage
Business Sub Type Grocery

Property Details

MLS® Number 1401192
Property Type Business
Neigbourhood Sandy Hill

Building

Land

Acreage No
Size Irregular * Ft X 0.01 Ft
Size Total Text * Ft X 0.01 Ft
Zoning Description Tm6[158] F(3.5)h(19)