$2,599,000
Available - For Sale
Listing ID: X11899934
132 2nd St East , Cornwall, K6H 1Y4, Ontario
| 132 Second Street East, Cornwall is a four-storey office building with approximately 38,872 sq.ft. of gross rentable floor area, including31,464 sq.ft. of usable space. The property sits on a 0.90-acre lot with approximately 54 exterior parking spaces. It is located in the city core, just two blocks from the waterfront parks along the St. Lawrence River and the Cornwall Square Shopping Centre, and within four blocks of City Hall. The building is partially leased to professional office tenants including a law office and the Ontario Realty Corporation. It features a hydraulic elevator, and the Central Business District zoning permits a broad range of uses, such as professional offices, restaurants, banks, and multi-family. This property is ideal for conversion into mixed-use with a residential/commercial main floor mix or enhancement through a progressive lease-up program. Approximately 28,486 sq.ft. is available for lease-up, with the building already divided and existing leaseholds in place, including per-floor washrooms and kitchenette areas with sinks. It's an impressive building in appearance, with a rooftop workshop/storage area that offers potential future revenue value. The irregular lot with on-site parking and prime downtown location, makes for a great opportunity. This sale is being conducted under a Power of Sale Action. |
| Price | $2,599,000 |
| Taxes: | $136113.59 |
| Tax Type: | Annual |
| Occupancy by: | Tenant |
| Address: | 132 2nd St East , Cornwall, K6H 1Y4, Ontario |
| Postal Code: | K6H 1Y4 |
| Province/State: | Ontario |
| Legal Description: | PT LT 11 N/S FIRST ST, PT LT 10 S/S SECO |
| Directions/Cross Streets: | Downtown core |
| Category: | Office |
| Use: | Medical/Dental |
| Building Percentage: | Y |
| Total Area: | 38872.00 |
| Total Area Code: | Sq Ft Divisible |
| Office/Appartment Area: | 31464 |
| Office/Appartment Area Code: | Sq Ft Divisible |
| Approximatly Age: | 51-99 |
| Sprinklers: | N |
| Heat Type: | Gas Forced Air Closd |
| Central Air Conditioning: | Y |
| Elevator Lift: | Public |
| Water: | Municipal |
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Sarah Saberi
Sales Representative
Dir:
416-890-7990
Bus:
905-731-2000
Fax:
905-886-7556
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Office |
| Area: | Stormont, Dundas and Glengarry |
| Municipality: | Cornwall |
| Neighbourhood: | 717 - Cornwall |
| Approximate Age: | 51-99 |
| Tax: | $136,113.59 |
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