Wow- Exposure AND Parking !!!!

Retail-Commercial for Sale
Catylist Listing ID: 30332229
Property Subtypes: Mixed Use, Restaurant, Street Retail, Other
Building Size (RSF): 6,893 SF
Gross Building Area: See Agent
Gross Land Area: 9,189 SF
Sale Price: $1,500,000
Unit Price: $217.61 PSF
Property Use Type: Net Leased Investment (NNN), Investment
Sale Terms: Cash to Seller
Last Updated: 1/1/2021

Overview / Comments

Two well established businesses, at below market rents, in a high profile property on busy Portage Ave., spells OPPORTUNITY for savvy Commercial Real Estate Investors!!!!!
This property has been well maintained, has an upgraded facade, great signage, has 9 stalls in the rear, roof replaced +/- 2013 & shows very well.



Finance Data Year 2018
Real Estate Taxes - Annual($) $24,009 (Annual)
Assessed Value - Total($) $1,000,000 (Annual)
Potential Rental Income $124,074 (Annual)
Gross Operating Income $171,500 (Annual)
Net Operating Income $124,074 (Annual)
Actual or Proforma Year Proforma
Lender Name TACT

Current Tenants

Tenant Business Name Mooshiro Japanese Cuisine
Is Renting? Yes
Options Yes
Tenant Business Name Bethel Dental Centre
Is Renting? Yes
Escalations Yes
Options Yes
Tenant Notes Long established Dental Center provides service work to dental offices around the City.

Additional Details

Nearest MSA: Winnipeg
Market: Winnipeg
Submarket/Township: 5A
Tax ID/APN: 12090262000
Zoning: C2
Retail Clientele: Business
Property Visibility: Excellent
Feet of Frontage: 875
Traffic/Vehicle Count: 45,800
Tenancy: Multiple Tenants
Total Number of Buildings: 1
Number of Stories: 1
Property Condition: Good
Roof Type: Flat
Total Parking Spaces: 9
Parking Type: Surface
Interior Description: 1 high profile restaurant tenant & 1 established Dental lab tenant
Zoning Description: C2
Lot Frontage: 87.5
Water Service: Municipal
Sewer Type: Municipal
Legal Description: Lots 1&2, Plan 435, RL 71, parish of St James

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Photograph of Listing Agent

Joe Banfield

RE/MAX professionals
CPIX® Member
Photograph of Listing Agent

David Bergman

RE/MAX professionals
CPIX® Member
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