Commercial/retail For Sale - 691-701 SOMERSET St, West Centre Town, On

location_on 691-701 SOMERSET St, West Centre Town

Commercial/retail

691-701 SOMERSET St

West Centre Town, Ontario K1R 6P5

$4,800,000

For Sale

Property Information

691-701 Somerset Street West is one of Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property.

Basic Details
Property Type : Commercial/retail
Listing Type : For Sale
Listing ID : X9768534
Price : $4,800,000
Year Built : 0
Lot Area : 0 Sqft
Status : A
Days On Market : 27
Address
Postal Code : K1R 6P5
City : West Centre Town
Street : SOMERSET
Street Number : 691-701
Street Suffix : St
Floor Number : 0
Longitude : E18° 25' 6.5''
Latitude : S34° 5' 3.1''
Features
Parking : 16
Brokerage
Office Name : AVISON YOUNG COMMERCIAL REAL ESTATE SERVICES
Extra Information
address/street_dir_suffix : W
Area : Ottawa
living_area : 0
living_area_unit : Sqft
Community : 4204 - West Centre Town
Lease : Sale
Street Direction : W
Tax Year : 2021

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691-701 SOMERSET St West Centre Town, Ontario K1R 6P5