93 Cedar Street

Greater Sudbury P3E 1A7

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. Potential to package this property with vacant former parking garage at 79 Cedar (approx 105' x 120') under same ownership. 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. (id:2493)