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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:42429)

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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