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$ 100,000
Est. payment /mo
Active
382 Rideau ST Lower Town - Sandy Hill, ON K1N 5Y8
1 Bath
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision 4003 - Sandy Hill
MLS Listing ID X12939338
Tax Year 2026
Property Sub-Type Sale Of Business
Property Description
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.
Location
Province ON
County Ottawa
Area Ottawa
Interior
Cooling Yes
Exterior
Lot Frontage 132.0
Lot Depth 99.0
Others
ParcelsYN No
Listed by KELLER WILLIAMS ICON REALTY
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