379 Preston Street,Ottawa, ON K1S4N1
Ottawa, ON K1S4N1
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:13843)
Details
| MLS # | X13873810 |
|---|---|
| Listing Type | For Sale |
| Status | Active |
| Days On Site | 13 |
| Listing Provided By | ROYAL LEPAGE SIGNATURE REALTY | RYAN EARL |
Features
| Bath(s) | 2 Total |
|---|---|
| SQ Feet | 10,000 |
| Zoning | Business Commercial |
Interior
| Cooling | Fully air conditioned |
|---|---|
| Heating | Forced air, Natural gas |
| Fireplace Yes / No | No |
Utilities
| Water Source | Municipal water |
|---|
Taxes
| Tax Annual Amount | 0 |
|---|
Area Information
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1S4N1 |
| Listing VS Median (in K1S4N1) | |
Price: $399,000 low | high Med: $1,895 sqft: 10,000 low | high Med: 2,500 $ / sqft: $40 low | high Med: $1 On site: 13 low | high Med: 42 | |
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Learn More About This Property
| Province | ON |
|---|---|
| City | Ottawa |
| Postal Code | K1S4N1 |
| Listing VS Median (in K1S4N1) | |
Price: $399,000 low | high Med: $1,895 sqft: 10,000 low | high Med: 2,500 $ / sqft: $40 low | high Med: $1 On site: 13 low | high Med: 42 | |