2019 Bank Street Unit 101-103, Ottawa, Ontario K1V0N1

Property Description

High-visibility urban commercial investment offering a 7.5% cap rate based on current annualized income, with an approaching opportunity for owner-occupancy or re-leasing. Along Ottawa's established Bank Street commercial corridor, this 1,416 sq. ft. property offers a prominent main-street location supported by surrounding residential density, neighbouring businesses and public transit. With the current lease expiring February 28, 2027, purchasers can secure the location with rental income in place while planning its next use. A future owner-operator can establish or expand a business in premises they own, while an investor has the flexibility to refresh the space and secure a new tenant. Currently configured as a restaurant, the property also offers potential for other compatible commercial uses, subject to zoning and condominium requirements. With current income and a defined transition ahead, it combines an established commercial address with flexibility for its next owner. ADDITIONAL DETAILS FOUND IN "MORE INFORMATION" LINK BELOW. (id:5764)