$399,000 Sale

Listed 5 days ago

379 PRESTON STREET

MLS® x13873810 Business

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Beds · 0

Baths · 2.0

Parking · 0

Sqft · 10000

Est. mortgage

$1,514/mo

Key Facts

Key facts for 379 PRESTON STREET

Property Type

Commercial

Parking

Garage: No, 0 parking

MLS #

X13873810

Size

10000 sqft

Basement

Listed on

Lot size

Tax

Days on Market

Year Built

Maintenance Fee

Description

The legendary Prescott is available in the heart of Little Italy in Ottawa. Originally openedin 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has becomeone of the city's best known sports bar and entertainment destinations. Featuring The Porch onPreston rooftop patio..., widely regarded as one of Ottawa's top patios, this is a rareopportunity to acquire a historic and highly profitable hospitality venue with deep roots inthe local community. Currently owned and operated by MRG Group, the business spansapproximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. Theproperty features a full commercial kitchen with large hood systems and walk-in refrigeration,allowing for high volume food and beverage operations, events, nightlife, and entertainmentprogramming. The business is available with training or can be converted into a differentconcept, cuisine, franchise, or entertainment venue. Lease rate of $34,100 Gross Rentincluding TMI with lots of term remaining. Positioned in one of Ottawa's most vibrantrestaurant and nightlife districts, this flagship hospitality location benefits fromoutstanding visibility, steady traffic, and a loyal customer following built over generations.Serious enquiries only please do not approach staff or ownership. (id:10452)

Full Property Details

Interior

Washrooms

2.0

Square Footage

10000 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Washrooms

2.0

Square Footage

10000 sqft

Heating Source

Natural gas

Heating Type

Forced air

Air Conditioning

Fully air conditioned

Full Bathrooms

Half Bathrooms

Exterior

Acreage

98.42 x 99.5 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Business Commercial

Acreage

98.42 x 99.5 FT

Parking Spaces

Garage Spaces Y/N

Zoning Description

Business Commercial

Building Description

Home Type

Commercial

Subtype

Business

Water Supply

Municipal water

Home Type

Commercial

Subtype

Business

Water Supply

Municipal water

Community

West Centre Town

Area Code

Ottawa

Community

West Centre Town

Area Code

Ottawa

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Matthew Rizzo

Email: [email protected] Cell: 613-866-0665