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Property Details

5023 BANK STREET, Ottawa, Ontario, K1X1G8

5023 BANK STREET, Ottawa, Ontario, K1X1G8 (ID 1220936)
Representative
Century 21 All Seasons Realty
Office
Century 21 - All Seasons Realty Ltd., Brokerage - Bancroft
Tel: 613-332-5500
Toll free: 800-351-0021
Website

$19,900,000 - For sale

ID#:1220936

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 Details
  • 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)
Structure Details for 5023 BANK STREET, Ottawa, Ontario, K1X1G8
  • Building Age:1970
Representative
Century 21 All Seasons Realty
Office
Century 21 - All Seasons Realty Ltd., Brokerage - Bancroft
Tel: 613-332-5500
Tollfree: 800-351-0021
Website
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5023 BANK STREET, Ottawa, Ontario, K1X1G8

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