691 701 Somerset Street West is one of Chinatown s most recognizable and identifiable commercial properties.


Property

Website:https://www.nestseekers.com/4279992
Address:
West Centre Town K1R 6P5
Ownership: For Sale
Type: Unknown
Pets: Pets Allowed

Financials

Price:C4,800,000
($3,501,400)
(€2,972,700)
Annual Taxes:C64,475

Description

691-701 Somerset Street West is one of Chinatown’s most recognizable and identifiable commercial properties. Immediately visible from the Royal Gateway at Bronson Avenue, this investment represents the opportunity to own a fully tenanted building in a prestigious location. The site area for the property is 7,592 sf with a total of 14,324 rentable square feet over the first and second floors. Serviced with both an elevator and spiral staircase, the second floor provides a 7,327 sf unit, where the ground floor unit provides approximately 3,430 sf. Both units have executed 5-year leases in 2024. Three additional retail units on the ground floor are also leased. A 7,167 sf lower-level parking garage provides approximately 16 parking spots accessed from Cambridge Street North. The site also benefits from ample street parking and a parking lot to the west of the property.

Amenities

  • Unknown

Contact

505 Park Ave, New York, NY 10022