221 Echo Dr - Restaurant FOR SALE


Ottawa, ON K1S 1N1- Downtown
$4,500,000 CAD
613-899-3008
221 Echo Dr, Ottawa, ON for Sale
$4,500,000 CAD
Restaurant - FOR SALE
1/6
null | Request Cap Rate

221 Echo Dr
Ottawa, ON K1S 1N1
Downtown


OVERVIEW

Exceptional mixed-use development opportunity in the heart of Old Ottawa East. Offered as a three-parcel land assembly comprising 3 Hawthorne Avenue & 221 Echo Drive, with approximately 925.73 m (9,964 sq. ft.) of combined land area. Preliminary zoning review indicates proposed MS1 [2222] H(20) zoning, permitting building heights up to 20 metres with no mandatory minimum parking requirements. Conceptual development analysis suggests the potential for approximately 36,000-45,000 sq. ft. of gross buildable area, with commercial uses at grade and mid-rise residential development above. Prominent corner location with significant frontage along Colonel By Drive and Hawthorne Avenue, directly adjacent to the Rideau Canal corridor and minutes from downtown Ottawa, Lansdowne Park, Main Street, Elgin Street, and Highway 417. Property being offered as one assembly. Buyers to complete their own due diligence regarding zoning, development potential, permitted uses, servicing, and approvals.

FOR SALE DETAILS

PRICE

$4,500,000 CAD

PRICE/SF

$452 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Storefront Retail/Office, Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1903

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

MS1 [2222] H(20)

APN/PARCEL ID

061405280180200

ASK ABOUT THIS PROPERTY

Adam PearceSLEEPWELL REALTY GROUP LTDMore Info
613-899-3008

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Adam PearceSLEEPWELL REALTY GROUP LTDMore Info
613-899-3008

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.