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MLS® X12939338
Lower Town - Sandy Hill, Ottawa, ON
Turnkey Asian grocery business located in the prime commercial corridor of Rideau Street in downtown Ottawa. This well-established business operates in an approximately 2,000 sq. ft. retail space, offering a wide range of Asian grocery products and serving a loyal and consistent customer base.The lease has been recently renewed for a 5-year term (2025-2030), providing long-term stability. Current base rent is $44,000/year for the first two years and $46,000/year for the remaining term, plus HST, with total monthly occupancy costs approximately ranging from $6,400 to $6,600.The property offers excellent accessibility, including 12 shared parking spaces at the rear plus 1 dedicated parking space, along with access to waste management facilities. Flexible permitted uses (excluding Korean restaurant and cannabis-related uses) allow for various retail or food-related concepts.A key value-add is the established supplier network, including access to unique product sourcing channels not commonly available to standard retail operators, providing strong competitive advantage and margin potential.A great opportunity for owner-operators or investors seeking a stable, income-generating business in a high-traffic downtown location.
Inclusions
The business includes all existing fixtures and equipment, including shelving, lottery setup, freezer, fridge, cooler, and established supplier relationships, allowing for a smooth transition for a new operator. Inventory is excluded from the sale but may be negotiated separately.The property is currently equipped with a lottery terminal; however, the continuation of lottery services is subject to approval by Ontario Lottery and Gaming Corporation. The Buyer must apply and be approved as an authorized retailer, and such approval is not guaranteed.
Broker
KELLER WILLIAMS ICON REALTY
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Sale Of Business
382 Rideau Street Lower Town - Sandy Hill, Ottawa
Lower Town - Sandy Hill
Type
Sale Of Business
Parking
None
Property Tax
~$0/yr
Heating
Gas Forced Air Closed
Buying Essentials
Square Feet
2028 sqft
Parking
None
Finances
List Price
$100,000
Price per SQFT
$49.31/sqft
Property Tax
~$0/yr
Property Specs
Property Type
Sale Of Business
MLS Size
2028 sqft
Living & Amenities
Heating Type
Gas Forced Air Closed
Policies & Utilities
Neighbourhood
Lower Town - Sandy Hill
Listed On
Mar 31, 2026
Days on Market
Current: 221 days
Room information is not available for this listing.
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