379 Preston ST, Dows Lake - Civic Hospital And Area, ON K1S 4N1
379 Preston ST, Dows Lake - Civic Hospital And Area, ON K1S 4N1
379 Preston ST, Dows Lake - Civic Hospital And Area, ON K1S 4N1
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$799,000
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2 Baths
New

379 Preston ST Dows Lake - Civic Hospital And Area, ON K1S 4N1

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Kenneth Yim

Kenneth Yim

+1(416) 906-0080

UPDATED:

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Subdivision 4502 - West Centre Town

MLS Listing ID X13149622

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 opened in 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has become one of the city's best known sports bar and entertainment destinations. Featuring The Porch on Preston rooftop patio, widely regarded as one of Ottawa's top patios, this is a rare opportunity to acquire a historic and highly profitable hospitality venue with deep roots in the local community. Currently owned and operated by MRG Group, the business spans approximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. The property features a full commercial kitchen with large hood systems and walk-in refrigeration,allowing for high volume food and beverage operations, events, nightlife, and entertainment programming. The business is available with training or can be converted into a different concept, cuisine, franchise, or entertainment venue. Lease rate of $34,100 Gross Rent including TMI with lots of term remaining. Positioned in one of Ottawa's most vibrant restaurant and nightlife districts, this flagship hospitality location benefits from outstanding 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

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Kenneth Yim

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 906-0080

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379 Preston ST

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