382 Rideau Street, Lower Town - Sandy Hill — For Sale in Lower Town - Sandy Hill
0 bed · 1 bath · Sale Of Business for sale in Lower Town - Sandy Hill.
382 Rideau Street, Lower Town - Sandy Hill, ON K1N 5Y8
About This Property
Now for sale at 382 Rideau Street in Lower Town - Sandy Hill: a 0-bedroom, 1-bathroom sale of business listed at $100,000.
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.
Property Specifications
| MLS® Number | X12939338 |
|---|---|
| Status | For Sale |
| List Price | $100,000 |
| Property Type | Commercial |
| Sub Type | Sale Of Business |
| Transaction Type | For Sale |
| Bedrooms | 0 |
| Bathrooms | 1 |
| Address | 382 Rideau Street, Lower Town - Sandy Hill, ON K1N 5Y8 |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 5Y8 |
Listing Contracted With: KELLER WILLIAMS ICON REALTY
