LOADING

5023 Bank Street Ottawa, Ontario K1X 1G8

$19,900,000

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:20425)

Property Details

MLS® Number 1220936
Property Type Retail
Neigbourhood LEITRIM
Community Name Gloucester
Parking Space Total 200

Building

Constructed Date 1970
Fireplace Present No

Land

Acreage No
Size Frontage 465 Ft
Size Irregular 465 Ft X * Ft (irregular Lot)
Size Total Text 465 Ft X * Ft (irregular Lot)
Zoning Description Rc2

https://www.realtor.ca/real-estate/22651816/5023-bank-street-ottawa-leitrim

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Ziad El-Ahl
Broker

ZIAD EL-AHL

Coldwell Banker Sarazen Realty
2544 Bank Street
Ottawa, ON K1T 1M9

(613) 288-1999
(613) 288-1555
www.coldwellbankersarazen.com

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