132 2nd ST E new

Cornwall,ON K6H 1Y4

$ 2599000

- Bed

- Bath

38872 SqFt


Key Details

Property Type Commercial

Sub Type Office

Listing Status Active

Purchase Type For Sale

Square Footage 38,872 sqft

Price per Sqft $66

MLS Listing ID X11899934

Annual Tax Amount $136,113

Tax Year 2024

Property Description

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.

Location

Province ON

County Stormont, Dundas And Glengarry

Community 717 - Cornwall

Area Stormont, Dundas And Glengarry

Region 717 - Cornwall

City Region 717 - Cornwall

Interior

Cooling Yes

Exterior

Utilities Available Yes

Others

Security Features No

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