Property Details
5023 BANK STREET, Ottawa, Ontario, K1X1G8
Sales Representative
Century 21 - All Seasons Realty Ltd., Brokerage - Bancroft
Cell: 613-334-1431
Tel: 613-332-5500
Toll free: 800-351-0021
$19,900,000 - For sale
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:2471)
- Property Address:5023 BANK STREET, Ottawa, Ontario, K1X1G8
- Property Type:Retail
- Title:Freehold
- Lot Size:465 ft X * ft (Irregular Lot)
- Acreage:465 ft X * ft (Irregular Lot)
- Building Age:1970
Sales Representative
Century 21 - All Seasons Realty Ltd., Brokerage - Bancroft
Cell: 613-334-1431
Tel: 613-332-5500
Tollfree: 800-351-0021
MLS®, REALTOR®, and the associated logos are trademarks of The Canadian Real Estate Association. This REALTOR.ca listing content is owned and licensed by REALTOR® members of The Canadian Real Estate Association.
- Map 5023 BANK STREET, Ottawa, Ontario, K1X1G8
- Neighbourhood Information
5023 BANK STREET, Ottawa, Ontario, K1X1G8
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