Mallette Goring

 
Commercial Listing
Featured For Sale
2 years ago
659

93 Cedar Street

Commercial Investment, Office Space, Retail Space
$ 2,999,900.00
45
MLS#
2113110
Sq. Ft
29088
TAX / CAM
$117,342.85 ($108,632.35 Building + $8,710.50 Parking Lot)
Zoning
C6 - Downtown Commercial
Listing Brokerage
Mallette-Goring Inc.
Status
Active
Commercial Property Type(s)
Commercial Investment, Office Space, Retail Space
93 Cedar is a landmark building in Downtown Sudbury and a turn-key investment opportunity, providing over 29,000 square feet of Class A Office Space separated across six units. The sale includes the neighbouring parking lot at 90 Larch Street which will provide convenience for tenants and their clients, a secondary revenue stream, or an investment opportunity. Located in the Downtown Sudbury Business Improvement Area, these properties are 100% Development Charge exempt and have access to significant financial incentive programs through the City's Strategic Core Areas and Business Improvement Areas Community Improvement Programs. Both properties are also zoned with the most permissive zoning designation in the City (C6) which allows for a wide variety of uses and the option to convert some space to multi-residential or the ground floor to street-level retail.

Built-in the 1950s, 93 Cedar was formerly owned by the Bell Telephone Company of Canada, and in 2011 was identified as a "Property of Cultural Heritage Value and Interest" by the Sudbury Municipal Heritage Committee. In 2006 more than two million dollars was invested in updating the building to bring it to a modern standard. A short walk from cafés and restaurants, City Hall, government services, various hotels, and city transit, this building offers what today's young professionals expect from a workplace. 

With almost 10,000 square feet tenanted by Makami Engineering, and within a few blocks of the Hard-Line Technology Centre, SRK Mining Consultancy, the new Innovation Quarters, and various other professional firms, 93 Cedar is a prime candidate for hosting professional offices for the expanding mining cluster located in Downtown Sudbury. 

Call 705-673-3000 or email info@mgre.ca for the full information package and to book your viewing.

Click here for the Confidentiality Agreement, once returned to us signed you will be sent the full version of our Listing Package.

Click here to view all 102 photos of the listings.

Location
LOCATION INFO:
Geographic Area
Downtown Sudbury
Parking Spaces
24
Lot Size
19,192ft² (12,948.97 ft² for 93 Cedar)+ (6,243.06 ft² for parking lot)
Video Tour
Building Specs
Elevator Access
Yes
Wheelchair Accessible
Yes
Security System
Yes
Furnished
Municipal Water
Yes
Municipal Sewer
Yes
Building Age
Approx. 1950s
Electrical Service
Heating Type
Foundation Type
Roof Type
Loading Info
Overhead Crane Type
Loading Door Type
Door Height
Ceiling Height


Financial Projections
Chris Tammi

Broker of Record

Mallete-Goring Inc.

705******* 705.822.6123

christammi