10
See all 10 photos
$4,125,000
Est. payment /mo
8,993 SqFt
Pending
595 West Hunt Club RD Tanglewood - Grenfell Glen - Pineglen, ON K2G 5X6
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Key Details
Property Type Commercial
Sub Type Investment
Listing Status Pending
Purchase Type For Sale
Square Footage 8,993 sqft
Price per Sqft $458
Subdivision 7502 - Merivale Industrial Park
MLS Listing ID X11887796
Building Age 31-50
Annual Tax Amount $26,853
Tax Year 2024
Property Sub-Type Investment
Property Description
Rarely available. An opportunity to acquire a 8,993 square foot fully leased, highly visible Retail Plaza on .78 of an acre. Strategically located next to the Crossroads Centre at Merivale and Hunt Club Road. A primary arterial road with easy access. 35,000 vehicles Daily (Source City of Ottawa). The property provides a solid Tenant base with rental escalations through 2029. Net Operating Income is projected to be in excess of $200,000 within 24 months with potential future upside to rent. The Original Building Plans were designed with the possibility of a future expansion of the ground floor retail space by approximately 2200 -2400 square feet. No major capital costs are needed for many years. A clean phase 1 environmental report is available.
Location
Province ON
County Ottawa
Community 7502 - Merivale Industrial Park
Area Ottawa
Zoning Commercial AM10 Arterial Mainstreet Zone
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 251.0
Lot Depth 135.0
Others
Virtual Tour https://youtu.be/ctu_bePUyYI
Listed by EXP REALTY