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:37611)
Property Details
| MLS® Number | 1220936 |
| Property Type | Retail |
| Neigbourhood | LEITRIM |
| 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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Ottawa Real Estate Board
Coldwell Banker Sarazen Realty
December 08 2020 02:10:24
