+30 more
1
Bathrooms
About This Property
This 1-bathroom business in Ottawa is available for your consideration. The property has lot dimensions of 132 x 99 FT. The home features forced air, natural gas heating, fully air conditioned.
MLS Remarks
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:60351)
Inclusions
The business includes all existing fixtures and equipment, including shelving, lottery setup, freezer, fridge, cooler, and established supplier relationships, allowing for a smooth transition for a new operator. Inventory is excluded from the sale but may be negotiated separately.The property is currently equipped with a lottery terminal; however, the continuation of lottery services is subject to approval by Ontario Lottery and Gaming Corporation. The Buyer must apply and be approved as an authorized retailer, and such approval is not guaranteed.
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