$4,900,000

About this property

High-exposure freestanding retail/industrial building on approximately 3.54 acres in Clarence-Rockland, serving Ottawa and the Prescott-Russell region, an area with strong population growth, expanding residential development and limited supply of large-format commercial space. Built in 2007, the site offers approximately 113 paved parking spaces with site lighting. The building totals 22,278 sq. ft., including 19,708 sq. ft. on the ground floor with a showroom offering an impressive 21-ft clear height and 56-ft column span for flexible layouts, plus a 2,569 sq. ft. second floor with three offices, a boardroom, two washrooms and a kitchenette; ground floor space beneath the mezzanine includes washrooms, an electrical room and storage. Full municipal water, sewer and gas are installed, the building is fully ventilated, heated and air conditioned by three rooftop units, and power is 400 amp, 600 volt, 3-phase. Shipping is served by a large drive-in side door and a side recessed loading dock, currently packed at grade but able to be restored. The holding includes 1.13 acres of surplus land south of the existing parking, offering rare in-place expansion capacity, with a concept plan prepared for a single- to two-storey mixed-use building of approximately 10,000 to 15,000 sq. ft., subject to approvals. Commercial-Industrial zoning permits a very wide range of uses including retail, automotive sales and service, warehousing, outdoor storage, medical and office. The land and building are held under separate PINs: the entire 3.54-acre holding is offered at $4,900,000, or the building on approximately 2.5 acres with its front parking at $3,900,000, with shared parking managed through a reciprocal cost-sharing association or condominium structure. The building is also available for lease on a triple net basis starting at $20 per sq. ft. net, including parking in front of and along the east side. Currently vacant and ideal for an owner-user, investor, tenant or developer.

Property details