Retail Investment Opportunity

For Sale

691-701 Somerset Street West, Ottawa, ON K1R 6

This Ottawa property for sale is located at 691-701 Somerset Street West. The current listed sale price for Retail Investment Opportunity is $4,599,000. Retail Investment Opportunity is situated on a lot that is 0.17 acre in size.

Contacts

broker

Gillian Burnside

Avison Young - CA - ON - Ottawa

(613) 696-2734

Property Details

  • Property Type Retail - Street Retail
  • Property Size 14,850 SF
  • Lot Size 0.17 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Feb 13, 2024
Located on Somerset Street West and Cambridge Street North and situated at the Chinatown Royal Gateway at Bronson Avenue691-701 Somerset Street West is the one Chinatown’s most recognizable and identifiable commercial properties. This investment represents the opportunity to own a prestigious location, solid investment, and a site for potential redevelopment.

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Highlights

  • Retail investment opportunity
  • Suitable for owner-user occupancy
  • Three retail units on the ground floor are fully leased.
  • Currently 10,000 sf available for lease (approx.)
  • Spiral staircase to the second floor and an elevator
  • Ample parking onsite
  • Within the 600m buffer of the Pimisi LRT station
  • Substantial upgrades and improvements have been completed at the property and a complete list can be provided upon request.
  • Upon completion of a Confidentiality Agreement prospective buyers will be provided a copy of the rent roll

Attachments

Getting around

  • 96/100

    Walk Score ®

  • 76/100

    Transit Score ®

  • 96/100

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Location

  • City Ottawa, ON
  • Neighborhood Centretown West
  • Postal Code K1R 6

Points of Interest

  • Pimisi

    0.37 miles

  • Queen Street, Lyon Street

    0.52 miles

  • Lyon

    0.55 miles

  • Queen Street, Place de Ville

    0.58 miles

  • Bayview

    0.74 miles

  • Parliament

    0.80 miles

  • Carling

    0.96 miles

  • Rideau

    1.20 miles

  • uOttawa

    1.36 miles

  • Tunney's Pasture

    1.47 miles

  • Circuit électrique

    0.03 miles

  • Petro-Canada

    0.05 miles

  • Petro-Canada

    0.29 miles

  • Drummond's Gas

    0.59 miles

  • Esso

    0.64 miles

  • MacEwen

    0.71 miles

  • Petro-Canada

    1.30 miles

  • Petro-Canada

    1.60 miles

  • Esso

    1.94 miles

  • Shell

    2.37 miles

  • City of Ottawa Somerset and Cambridge Parking Lot

    0.03 miles

  • Kelly

    0.20 miles

  • Lorelli Service Centre Ltd

    0.30 miles

  • Minto Place Parking

    0.49 miles

  • City Centre Parking

    0.58 miles

  • Parksafe 330 Gilmore

    0.78 miles

  • Indigo

    0.78 miles

  • Randall's Paints

    0.79 miles

  • Clocktower Parking

    0.79 miles

  • YMCA

    0.88 miles

  • Oriental Chu Shing

    0.00 miles

  • Ben Ben Restaurant

    0.01 miles

  • Yangtze

    0.02 miles

  • Sushi 88

    0.03 miles

  • Chili Chili Restaurant

    0.03 miles

  • Koreana Restaurant

    0.03 miles

  • Hey Kitchen

    0.04 miles

  • Phucket Royal

    0.05 miles

  • Pizza Pizza

    0.05 miles

  • So Good Restaurant

    0.06 miles

  • Kowloon

    0.06 miles

  • Your Independent Grocer

    0.57 miles

  • 240 Sparks

    0.69 miles

  • Farm Boy

    0.84 miles

  • World Exchange Plaza

    0.84 miles

  • Metro

    1.02 miles

  • Loblaws

    1.03 miles

  • GT Express

    1.06 miles

  • Farm Boy

    1.20 miles

  • Rideau Centre

    1.24 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Gillian Burnside

Avison Young - CA - ON - Ottawa

(613) 696-2734