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132 2nd ST E Cornwall, ON K6H 1Y4
38,872 SqFt
UPDATED:
12/23/2024 02:14 PM
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
Listed by RE/MAX RISE EXECUTIVES, BROKERAGE