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$ 699,900
New
Calgary, AB
UPDATED:
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Rent
MLS® Listing ID A2337051
Year Built 1978
Property Sub-Type Business
Source Calgary
Property Description
Large restaurant in Calgary, after 20 years in business under the same concept, the business owner decides to retire, with a yearly reservation orders for large parties, such as weddings, birthday parties, political conventions, community association events, award ceremonies, Corporate Events, Church Function, Theme Parties, Benefits/Fundraisers, Private Parties, etc...this is a profitable business, not to mention the lunch and dinner retail, as well as the take out and delivery businesses. With the year ahead reservations, the investor will recover the purchase price in a relatively short time. 17,000sf, including storage, low lease rate of $16/sf. Suitable for operators with large restaurant experience. To set up such a 17,000 sf space will cost $1.2M to $1.5M, but now you can get this built out for half the price. The condition is good, no renovation required in the next few years.
Location
State AB
County Calgary
Area Cal Zone Cc
Interior
Heating Boiler
Cooling Central Air
Inclusions all existing restaurant operating equipment and furniture
Others
Restrictions None Known
Ownership Private
Listed by First Place Realty