Sale Of Business · For sale

379 Preston Street, Dows Lake - Civic Hospital and Area

$399,000business price

Listing brokerage: ROYAL LEPAGE SIGNATURE REALTY · MLS® X13873810

Property report for this address · zoning, second units, flood, schools (public records)

Listing brokerage

ROYAL LEPAGE SIGNATURE REALTY

Type

Sale Of Business

Deal

For sale

Category

Businesses

Size

10,000 sq ft

Lot

98.42 x 99.5 ft

Area

4502 - West Centre Town

MLS® number

X13873810

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.