382 Rideau Street,Lower Town - Sandy Hill, ON K1N 5Y8
Lower Town - Sandy Hill, ON K1N 5Y8
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.
Details
| MLS # | X12939338 |
|---|---|
| Listing Type | For Sale |
| Building Name | Mergi Shop |
| Sub-Type | Resale |
| Status | Extension |
| Year | 0 |
| Days On Site | 146 |
| Listing Provided By | KELLER WILLIAMS ICON REALTY | X12939338 577700 |
Features
| Bath(s) | 1 |
|---|---|
| Acreage | 0.30 |
Interior
| Cooling | Yes |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|---|
| Tax Type | Annual |
| Tax Year | 2026 |
Area Information
| Province | ON |
|---|---|
| County | Ottawa |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 5Y8 |
| Area | 4003 Sandy Hill |
| Listing VS Median (in K1N 5Y8) | |
Price: $100,000 low | high Med: $0 On site: 146 low | high Med: | |
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Learn More About This Property
| Province | ON |
|---|---|
| County | Ottawa |
| City | Lower Town - Sandy Hill |
| Postal Code | K1N 5Y8 |
| Area | 4003 Sandy Hill |
| Listing VS Median (in K1N 5Y8) | |
Price: $100,000 low | high Med: $0 On site: 146 low | high Med: | |
