288 Bank Street, Ottawa Centre, ON K2P 1X1

About this property

Rare opportunity to acquire a fully equipped turnkey restaurant in the heart of Centretown at the highly visible intersection of Bank Street and Somerset Street. This established location has operated continuously as a pizza restaurant for approximately 15 years and features approximately 1,500 sq. ft. of main floor restaurant space with seating for 30 guests, plus an additional 1,100 sq. ft. basement offering future expansion potential for private events, catering operations, storage, or additional revenue-generating uses. The premises have benefited from extensive capital investment and feature a fully equipped turnkey restaurant operation with modern kitchen infrastructure, refrigeration systems, food preparation stations, digital ordering technology and quality leasehold improvements throughout. The estimated replacement value of the equipment, improvements and build-out is significant, presenting an opportunity for a purchaser to acquire an established operation without the substantial capital expenditure, permitting delays and construction timelines typically associated with developing a comparable restaurant from scratch. The business also benefits from a highly favourable gross lease structure, providing predictable occupancy costs with property taxes, common area maintenance, snow removal, building insurance and other operating costs included in the rent, a significant advantage. Prime Bank Street exposure benefits from exceptional pedestrian and vehicle traffic in one of Ottawa's busiest commercial corridors. Ideal opportunity for an owner-operator seeking an established location with existing infrastructure and future growth potential.

Property facts & features

Days on market

Not reported

Property type

Sale Of Business

MLS® number

X13472632

Source status

New

Bedrooms

Not provided

Bathrooms

Not provided

Neighbourhood

Not provided

Postal code

K2P 1X1

Kitchens

Not reported

Family room / den

Not reported

Interior size

Not reported

Building area (total)

1,500 sq ft

Lot size

Not reported

Lot depth

75 ft

Garage parking spaces

Not reported

Total parking spaces

Not reported

Occupancy

Owner

Possession type

Immediate

Garage

None

Annual property tax

0

Basement

Not provided

Laundry

Not provided

Interior features

Not provided

Exterior features

Not provided

MLS entry age (not confirmed DOM)

133 days

Values and units are reported by the listing source. Verify measurements and fees with the brokerage.

Utilities & included services

Reported utility services

Not reported

Water source

Not reported

Sewer

Not reported

Heating system

Gas Forced Air Open

Heating fuel

Not reported

Cooling

Yes

Included in rent

Not reported

Included in maintenance

Not reported

A reported service is not necessarily included in rent or maintenance. Missing information does not mean a service is absent.