5791 Prince of Wales dr - Auto Dealership FOR SALE


North Gower, ON K0A 2T0
$4,900,000 CAD
613-236-5959
5791 Prince of Wales dr, North Gower, ON for Sale
$4,900,000 CAD
Auto Dealership - FOR SALE
1/1
null | Request Cap Rate

5791 Prince of Wales dr
North Gower, ON K0A 2T0


HIGHLIGHTS

  • Prime high-visibility location on Prince of Wales Drive with exposure to approximately 41,000 vehicles daily (15 million annually) near Highway 416.
  • Expansive 5.1-acre property featuring a well-maintained building with a purpose-built showroom ideal for RV or vehicle display
  • Fully equipped with 14 offices, 6 washrooms, a large kitchen, kitchenette, private well & septic, and oil-water separators, offering strong infrastruc
  • Secure income-producing asset leased to Myers Manotick with escalating rents from $32,500/month through 2027.

OVERVIEW

Located on High Visibility Prince of Wales Drive Ottawa. This Exceptional Commercial Property offers Outstanding Exposure with 41,000 Vehicles passing daily which is 15 Million Cars/Year which drive on Highway 416 past this Location, Car Canada was originally built in 1996 with an addition constructed in 1997. There are Private Services of Well & Septic. Oil water separators are Included. Situated on 5.7 Acres, the property features an Exceptional Commercial Showroom Space, with Maintenance area adjoined to It. This well-maintained commercial property offers a unique functional building ideal for a variety of business uses. A standout feature is the purpose-built showroom designed for RV or vehicle display. This impressive space offers high ceilings and abundant natural light, and 14 well-appointed offices and utility areas complete the layout. There is a total of 6 Washrooms, and one large Kitchen and one Kitchenette. The building is in excellent condition and ready for immediate use. This is a rare opportunity to acquire a flexible commercial property with strong infrastructure and move-in-ready facilities. The property is leased to Myers Manotick for $32,500/month gross (around $20.00 sqf net) from April 01, 2024 to March 31, 2026 increasing to $35,000.00 month gross (around $22.00 sq ft net) from April1, 2026 to April 30, 2027.

FOR SALE DETAILS

PRICE

$4,900,000 CAD

PRICE/SF

$330 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1996

SPRINKLERS

-

PARKING SPACES

339

LAND DETAILS

LAND ACRES

5.12 AC

LAND SF

223,027 SF

ZONING

RC3(61r)

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Brad ClossRE/MAX Hallmark Realty GroupMore Info
613-236-5959

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Brad ClossRE/MAX Hallmark Realty GroupMore Info
613-236-5959

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.