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940 MONTREAL ROAD
Ottawa, Ontario K1K4E5

$1,500,000

ID# 1400405

ABOUT THIS PROPERTY

Commercial buildings for sale boasting excellent exposure and location. The property consists of two detached buildings: one currently operating as a pub (owner-operated) and the other leased to a hair salon. Ample on-site parking is available. The property offers excellent accessibility and visibility, situated in an AM10 commercial zone with significant redevelopment potential in the future.Both buildings are well-maintained and up-to-date with building codes. Current rental income is $84,000 per year for the pub (lease renewable or terminable at any time) and $15,600 per year for the salon (lease expiring in November 2025). The pub building measures 2,854 sq ft, while the salon building measures 840 sq ft with an additional unfinished basement for storage. This presents a compelling opportunity to acquire investment real estate. (id:25961)

PROPERTY DETAILS

Year Built 1980

Property Type

Retail
Courtesy of ROYAL LEPAGE TEAM REALTY

Listed on: July 02, 2024

On market: 114 days

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