Office

402 Main St N


402 Main St N
RussellMB R0J 1W0

402 Main St N

Office

402 Main St N, RussellMB R0J 1W0

Details

Total Size
4,900 SF
Rentable Space
4,900 SF
Land
0.25 Acre
Zoning
CC
Building Status
Existing
Occupancy Type
Single Tenant
Water Utility Available
Yes
Sanitary Sewer Utility Available
Yes
County
Winnipeg

Current Listings

GOVERNMENT LEASED INVESTMENT PROPERTY IN RURAL MANITOBA

4,900 SF$485,000
Cap Rate: 7.9%
Avison Young Commercial R. E. (Manitoba)

BUILDING SIZE: 4,900 SF

LAND SIZE: 10,769 SF (45% land coverage)

FRONTAGE / DEPTH: 85.5 FT of frontage on Main Street N / 126 FT on Darcy Street

YEAR BUILT: 1991

ZONING: Central Commercial Zone (CC) – permitted uses are varied, including light industrial, multifamily, and many others

OFFICE AREA: Reception, 4 offices, boardroom, lunchroom, open area, and 2 washrooms

PARKING: Abundant with packed gravel surface

CURRENT TENANT: Province of Manitoba

TERM EXPIRY: January 1, 2021, with one (1) one (1) year option to extend on the same terms and conditions as the Lease

NET OPERATING INCOME: As per the operating statement with the year ending December 31, 2018, the net operating income was $38,220

Avison Young Commercial R. E. (Manitoba)

BUILDING SIZE: 4,900 SF

LAND SIZE: 10,769 SF (45% land coverage)

FRONTAGE / DEPTH: 85.5 FT of frontage on Main Street N / 126 FT on Darcy Street

YEAR BUILT: 1991

ZONING: Central Commercial Zone (CC) – permitted uses are varied, including light industrial, multifamily, and many others

OFFICE AREA: Reception, 4 offices, boardroom, lunchroom, open area, and 2 washrooms

PARKING: Abundant with packed gravel surface

CURRENT TENANT: Province of Manitoba

TERM EXPIRY: January 1, 2021, with one (1) one (1) year option to extend on the same terms and conditions as the Lease

NET OPERATING INCOME: As per the operating statement with the year ending December 31, 2018, the net operating income was $38,220

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Commercial Location Score (CLS) is a scoring system developed by Moody's Analytics to help commercial real estate professionals gain a quick understanding of the major factors that affect the value of a location. It's designed as a means to consistently evaluate a location's suitability/desirability for a particular use based on a number of factors.

CIE

Source: WinnipegREALTORS®

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