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$4,125,000
Available - For Sale
Listing ID: X11887796
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.
Price $4,125,000
Taxes: $26,853
Tax Type: Annual
Occupancy by: Tenant
Address: 595 West Hunt Club Road , Tanglewood - Grenfell Glen - Pineglen, K2G 5X6, Ottawa
Postal Code: K2G 5X6
Province/State: Ottawa
Legal Description: PCL 24-1, SEC 4M-601 ; BLK 24, PL 4M-601
Lot Size: 251 x 135 (Feet)
Directions/Cross Streets: Merivale Road
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Retail
Building Percentage: T
Total Area: 8,993
Total Area Code:  Square Feet
Retail Area: 6493
Retail Area Code: Sq Ft
Area Influences: Public Transit  
Approximatly Age: 31-50
Financial Statement: T
Chattels: T
Taxes Expense: $26853
Insurance Expense: $4692
 Management Expense: 3300
Maintenance: 0
 Hydro Expense:  $3288
Water Expense: $2115
Gross Income/Sales: $245067
Net Income Before Debt: $194353
Common Area Upcharge: 10
Year Expenses: 2024
Expenses Actual/Estimated: $Act
Soil Test: Envirnonment
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary
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Asking Price: $ Heating: $ /Year  
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Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
EXP REALTY

595 West Hunt Club Road , Tanglewood - Grenfell Glen - Pineglen, K2G 5X6, Ottawa


 
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At a Glance:
Type: Com - Investment
Area: Ottawa
Municipality: Tanglewood - Grenfell Glen - Pineglen
Neighbourhood: 7502 - Merivale Industrial Park
Style:
Lot Size: 251.00 x 135.00(Feet)
Approximate Age: 31-50
Tax: $26,853
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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