382 Rideau Street
Lower Town - Sandy Hill, ON
- 1 bath
- Sale Of Business
- 171 days on market
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.
Listing Details
- Listed
- March 31, 2026
Price History
Property
- Lot Size
- 132 x 99 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Friel St
- Zoning
- TM
- Parcel Number
- 042110013
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Business Type
- Grocery/Supermarket
Included
- 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.
- Rental Items
- N/A
Community
Postal area K1N
- Population
- 26,639
- Private dwellings
- 17,122
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $64,000
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in Lower Town - Sandy Hill · last 12 months
- Median sold price
- $478,000
- Homes sold
- 225
- Median days on market
- 35
- Sale-to-list price
- 96.7%
Based on 225 recorded sales of commercial properties in Lower Town - Sandy Hill over the last 12 months.
Listed by
KELLER WILLIAMS ICON REALTY
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