123 Downtown Street SW
Calgary T2P 1J9
MLS® Number: A2245755
$ 788,000
0
BEDROOMS
0 + 0
BATHROOMS
0
SQUARE FEET
1980
YEAR BUILT
One of the largest Asian banquet restaurant in Calgary, after 20 years in business under the same operator, the business owner decides to retire, with a yearly $1.5M+ of banquet reservation orders for 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. The restaurant has a capacity of 700 seating at one time, so for the larger events, this is like a monopoly. With the year ahead reservations, investor will recover the purchase price in 2 years time. 17,000sf, low lease rate of $16/sf. Suitable for operators with banquet 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.
| COMMUNITY | Downtown Commercial Core |
| PROPERTY TYPE | Retail |
| BUILDING TYPE | Mixed Use |
| STYLE | N/A |
| YEAR BUILT | 1980 |
| SQUARE FOOTAGE | 0 |
| BEDROOMS | 0 |
| BATHROOMS | 0 |
| BASEMENT | |
| AMENITIES | |
| APPLIANCES | |
| COOLING | |
| FIREPLACE | N/A |
| FLOORING | |
| HEATING | |
| LAUNDRY | |
| LOT FEATURES | |
| PARKING | |
| RESTRICTIONS | None Known |
| ROOF | |
| TITLE | |
| BROKER | First Place Realty |
| ROOMS | DIMENSIONS (m) | LEVEL |
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