1388646 | 495 SOMERSET STREET W

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495 SOMERSET STREET W
Ottawa Ontario , K1R5J7 , Canada

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$849,000.00

MLS® 1388646

Commercial

Lot Frontage:	32.4 Feet
Lot Depth:	65.2 Feet
Lot Size:	32.4 ft X 65.2 ft
No. of Parking Spaces:	3
Floor Space (approx):	2000.00 Square Feet
Zoning:	TM

Remarks:

Investment opportunity with minimal hassle. Offers a consistent and appealing annual return on investment, boasting a cap rate of 5.55% or higher, determined by the current listing price. Prime downtown location. This property has served as a well-appointed bar/restaurant establishment for nearly four decades. Boasting 9-foot ceilings, it includes dining areas on multiple floors and a stylish bar lounge. The lower level is equipped with a walk-in cooler. A dependable tenant with over a decade of experience in running the restaurant occupies the premises. Zoned TM. A valuable addition to your enduring investment portfolio. (id:7526)

Property Features:

OwnershipType: Freehold
Property Type: Retail

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