5023 Bank Street, Ottawa, Ontario K1X1G8

$19,900,000
List Price
$19,900,000
MLS®
1220936
Status
ACTIVE
Type
Commercial
Subtype
Retail
Subdivision
Leitrim

Property Description

FOUR PIN'S 5023/5017/5003 & 4997 BANK STREET. A TOTAL OF APPROX 3 ACRES. A MAJOR COMMERCIAL CORNER WITH OVER 450 SQF FRONTAGE ON BANK STREET & 250 SQF ON RIDEAU ROAD. COMMERCIAL ZONING, YOU CAN BUILD A MAJOR HOTEL WITH A COMMERCIAL COMPLEX. THIS IS THE BEST COMMERCIAL CORNER NEAR THE COMING HARD ROCK HOTEL. CURRENTLY ON ONE OF THE FOUR PARCELS OF LAND, THERE IS A MOTEL, RESTAURANT & NIGHT CLUB. A TOTAL OF APPROX 20000 SQF BUILDING; EXISTING PROPERTY IS IN GREAT CONDITION, THE MOTEL HAS RARELY A VACANCY. EXISTING RESTAURANT & NIGHT CLUB CAN GENERATE ADDITIONAL INCOME OF $20,000.00 PER MONTH. THE SECOND PARCEL OF THE FOUR IS EMPTY AND USED AS A PARKING LOT FOR THE MOTEL & NIGHT CLUB. THE REMAINING TWO PARCELS ALSO BRING ADDITIOANAL RENTAL INCOME OF $9000 PER MONTH FROM TWO USED CAR DEALERHIPS. TOTAL GROSS YEARLY INCOME OF $500K UNTIL IF YOU DECIDE TO START YOUR NEW DEVELOPMENT PROJECT; ZONING ALLOWS TO BUILD A HOTEL, SHOPPING CENTRE, APARTMENT BUILDING, ETCC. (id:2579)

Additional Information

Ownership
Freehold
Subdivision
Leitrim
Parking Spaces
200
Country
Canada
Frontage Length
465 ft

Listing courtesy of COLDWELL BANKER SARAZEN REALTY.

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