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Description

Prime downtown North Bay commercial leasing opportunity beside the Capitol Centre in one of the city's most prominent redevelopment and hospitality opportunities. This purpose-built building has been designed and permitted specifically for restaurant use and is available as an openvanilla shell ready for customization. Ideal for a restaurant, lounge, hospitality concept, or other approved commercial use, this is a rare opportunity to create a flagship operation from the ground up in a premium Main Street location. Offering approximately 3,600-3,800 Sq Ft above grade plus an additional 2,000-2,200 Sq Ft basement area for support, storage, production, or back-of-house use, the property provides exceptional flexibility. Major structural planning andopening work has already been completed with permits approved for restaurant and hotel accommodation use, while plans can be revised to suit a tenant's specific operational needs and vision. Lease rate of $14,000 Net Rent plus TMI estimated at approximately $6.50 per Sq Ft for the entire building with preferred lease terms of 5-10 years and longer commitments considered for build-to-suit opportunities. Includes 3 dedicated parking spaces, an exceptionally rare downtown feature, with flexibility for phased fit-ups, vanilla shell delivery, or customized build-outs for qualified long-term tenants. There are also permits in place for a patio deck.All construction is subject to permit revisions, municipal approvals, building code, and firecode.

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MLS Number: X13440040

Listing Provided By: X13440040 572002

ROYAL LEPAGE SIGNATURE REALTY