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$ 399,000
Est. payment /mo
New
379 Preston ST Dows Lake - Civic Hospital And Area, ON K1S 4N1
2 Baths
10,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $39
Subdivision 4502 - West Centre Town
MLS Listing ID X13873810
Tax Year 2025
Property Sub-Type Sale Of Business
Property 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.
Location
Province ON
County Ottawa
Area Ottawa
Zoning Business Commercial
Interior
Cooling Yes
Exterior
Parking Features Plaza
Utilities Available Available
Building
Lot Description Lot
Lited by ROYAL LEPAGE SIGNATURE REALTY