2583 Portage Ave.- $1.59mm = Only $144.00/sqft!

Retail-Commercial for Sale
Also listed as Office
Catylist Listing ID: 30182675
Property Subtypes: Free-Standing Building, Mixed Use, Restaurant, Street Retail, Tavern/Bar/Nightclub, Other
Building Size (RSF): 11,026 SF
Gross Building Area: See Agent
Gross Land Area: 10,459 SF
Sale Price: $1,590,000
Unit Price: $144.20 PSF
Property Use Type: Net Leased Investment (NNN), Investment, Vacant/Owner-User, Business
Building Name: Former Gasthaus German Restaurant
Sale Terms: Cash to Seller
Cap Rate: 7.0%
Last Updated: 7/9/2018

Overview / Comments

See brochure attached for details.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5F
Retail Clientele: General, Business
Property Located Between: 1 blk west of Portage & Moray
Property Visibility: Excellent
Traffic/Vehicle Count: 55,000
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 2
Typical SF / Floor: 5,500 SF
Property Condition: Good
Year Built: 1969
Year Renovated: 2016
Roof Type: Flat
Construction/Siding: Concrete
Total Parking Spaces: 15
Parking Ratio: 3 (per 1000 SF)
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Ceiling Units
Air Conditioning: Engineered System
Interior Description: Main floor fully gutted ready for customized improvements. 2nd floor fully built out offices.
Zoning Description: C2 Commercial


Photograph of Listing Agent

Joe Banfield

RE/MAX professionals
CPIX® Member
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