Commercial Retail · For sale

623-655 Laurier St Street, Clarence-Rockland

$1,995,000

Listing brokerage: SYNERCAPITAL INVESTMENT REALTY · MLS® X14120654

Listing brokerage

SYNERCAPITAL INVESTMENT REALTY

Type

Commercial Retail

Deal

For sale

Category

Commercial · Retail

Size

16,590.5 sq ft

Lot

16590.5 x 126.37 ft

Area

606 - Town of Rockland

MLS® number

X14120654

Description

An exciting investment and development opportunity in the heart of Rockland! Offered together, 623-655 Laurier Street comprises two neighbouring properties with approximately 20,000 sq. ft. of combined land, featuring a tenanted commercial restaurant building and a two-unit residential property. The restaurant generates $54,000 in annual rental income, with approximately three years remaining on its current lease, while the two-bedroom apartments generate a combined $1,850 per month. With existing income in place, investors have the opportunity to hold the properties while exploring their future plans. Located in growing Clarence-Rockland, which experienced 8.1% population growth between 2016 and 2021, the properties benefit from proximity to local amenities, Dutrisac Park, the Ottawa River, and Highway 174 with convenient access to Ottawa and Orléans. Whether you're looking to maintain the existing uses, reposition the buildings, or explore future infill or mixed-use development potential, this versatile offering presents an opportunity worth investigating. The properties are held under separate titles and have different zoning designations.