An eleven-unit retail strip mall for sale in Ottawa’s Eastern Suburb, Orleans.
Welcome to 2208 St Joseph Blvd, in Ottawa, an eleven-unit 11,001 square-foot strip mall for sale.
High-traffic location on St Joseph Blvd, a main retail corridor in Orleans, an East end suburb of Ottawa.
This is a well-maintained property with 8 of 10 rooftop HVAC units having been replaced within the last few years.
Current rents are 30% below market value giving a sophisticated investor a substantial upside opportunity to increase cash flow and property value over the coming cycle of lease renewals. The property has been valued based on its current financial performance.
Investment projections illustrate the embedded rents will raise the property value up to $6,800,000 to $7,000,000 within five to six years.
Contact My Ottawa Agent, Mitch Gauzas for current pricing and more information. We specialize in Ottawa commercial real estate sales, leasing, and site-plan approval project management.