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700 Somerset Street W Ottawa, Ontario K1R 6P6

$3,280,000

Sale of bussiness and property both. With excellent location and stable customer base, you will have a steady profit from the time you buy it. Two floors, each approximately 4,800 square feet, total usable area is around 9,600 square feet. 11 parking spaces. This restaurant has been operating for 42 years since 1982. The lower-level banquet hall can accommodate about 70 people dining simultaneously. The whole property equipped with fire retrofits. This property has no mortgage, and the ownership title is freehold. The seller can provide a vendor take-back mortgage, but a minimum of 50% down payment is required. The property allows for the construction of 6 story + basement apartment building. (the potential for constructing a 9 story + basement apartment building within 90 Units). All equipment needed for food processing, preparation and serving is included. (id:36465)

Business

Business Type Restaurant
Business Sub Type Restaurant

Property Details

MLS® Number 1380680
Property Type Business
Neigbourhood West Centre Town
Parking Space Total 11

Building

Constructed Date 1977

Land

Acreage No
Size Depth 83 Ft ,10 In
Size Frontage 99 Ft ,10 In
Size Irregular 0.21
Size Total 0.21 Ac
Size Total Text 0.21 Ac
Zoning Description Tm[112]h(16)

https://www.realtor.ca/real-estate/26614984/700-somerset-street-w-ottawa-west-centre-town

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