Attractive Storefront on Portage Avenue

Retail-Commercial for Sale
Sale Pending
Catylist Listing ID: 30796146
Property Subtypes: Free-Standing Building, Mixed Use, Street Retail, Other
Status: Pending
Building Size (RSF): 3,128 SF
Gross Building Area: 7,256 SF
Gross Land Area: 7,096 SF
Sale Price: $1,050,000
Unit Price: $335.68 PSF
Property Use Type: Investment, Business
Building Name: Oliver Reis Salon
Usable Size (USF): 3,810 SF
Sale Terms: Cash to Seller
Cap Rate: Undisclosed
Last Updated: 6/9/2022

Overview / Comments

Well located commercial building on a major thoroughfare in St. James. A well maintained concrete and cinder block structure with upgrades to the main floor space and a partially developed lower level with additional improvements. Adequate surface parking at rear and on Portage Avenue. Presently the home of Oliver Reis Hair Salon and a number of health related businesses, it can be used as such, or be repurposed to the buyer's needs.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Taxing Authority: City of Winnipeg
Tax ID/APN: 007R072656000
Zoning: C2
Retail Clientele: General, Business, Tourist
Property Located Between: Harcourt St. and Ronald St.
Property Visibility: Excellent
Largest Nearby Street: Portage Avenue
Feet of Frontage: 50
Highway Access: #1 West
Airports: James A. Richardson International
Area Description: St. James near Woodhaven and Grace Hospital
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Typical SF / Floor: 3,128 SF
Property Condition: Fair
Year Built: 1960
Year Renovated: 2000
Roof Type: Flat
Construction/Siding: Concrete
Exterior Description: Concrete block with brick facade
Total Parking Spaces: 8
Parking Type: Surface
Sprinklers: None
Heat Type: Natural Gas
Heat Source: Central, Other
Interior Description: Presently demised as a hair salon with esthetician and massage therapy stations on the main and yoga and weight training areas in the lower level.
Zoning Description: C2
Lot Frontage: 50'
Lot Depth: 141'
Water Service: Municipal
Sewer Type: Municipal, Storm
Land Ownership: Sole owner
Legal Description: S.P. Lot 19 Plan 21029 WLTO in RL 12 Parish of St. James

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Photograph of Listing Agent

Donald Tomac

Coldwell Banker Preferred R. E.
CPIX® Member
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