Rare opportunity to acquire a fully equipped turnkey restaurant in the heart of Centretown at the highly visible intersection of Bank Street and Somerset Street. This established location has operated continuously as a pizza restaurant for approximately 15 years and features approximately 1,500 sq. ft. of main floor restaurant space with seating for 30 guests, plus an additional 1,100 sq. ft. basement offering future expansion potential for private events, catering operations, storage, or additional revenue-generating uses. The premises have benefited from extensive capital investment and feature a fully equipped turnkey restaurant operation with modern kitchen infrastructure, refrigeration systems, food preparation stations, digital ordering technology and quality leasehold improvements throughout. The estimated replacement value of the equipment, improvements and build-out is significant, presenting an opportunity for a purchaser to acquire an established operation without the substantial capital expenditure, permitting delays and construction timelines typically associated with developing a comparable restaurant from scratch. The business also benefits from a highly favourable gross lease structure, providing predictable occupancy costs with property taxes, common area maintenance, snow removal, building insurance and other operating costs included in the rent, a significant advantage. Prime Bank Street exposure benefits from exceptional pedestrian and vehicle traffic in one of Ottawa's busiest commercial corridors. Ideal opportunity for an owner-operator seeking an established location with existing infrastructure and future growth potential. (id:4069)
Address
288 BANK STREET
List Price
$294,900
Property Type
Business
Transaction Type
Sale
Area
Ontario
Sub-Area
Ottawa
Floor Area
1,500 Sq. Ft.
Lot Size
Unit=35 x 75 FT Sq. Ft.
Lot Depth
75 ft
Frontage Length
35 ft
MLS® Number
X13472632
Listing Brokerage
RIGHT AT HOME REALTY
Postal Code
K2P1X1
Zoning
Commercial
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Fully air conditioned
Water Source
Municipal water
