Space
Finished area and layout
- Living Area
- 1,500 sqft
1,500 sqft
Living Area
Unit=35 x 75 FT
Lot
Property Snapshot
Key details for this listing
MLS #X13472632
Property
Type, style and structure
- Type
- commercial
- Style
- business / Business
Lot
Land, frontage and setting
- Lot
- Unit=35 x 75 FT
- Frontage
- 35.0 feet
About This Property
This business in Ottawa offers 1,500 sqft of living area on a Unit=35 x 75 FT lot. The home features forced air, natural gas heating, fully air conditioned.
MLS Remarks
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. (id:60351)
Full Listing Details
Address288 BANK STREET
MLS#X13472632
Listing StatusActive
Property TypeCommercial
Sub-TypeBusiness
TransactionSale
List DateJun 21, 2026
Days on Market126
Possession DetailsImmediate
StyleBusiness
Living Area1,500 sqft
CityOttawa
ProvinceOntario
Postal CodeK2P1X1
Lot DimensionsUnit=35 x 75 FT
Frontage35.0 feet
Zoning DetailsCommercial
HeatingForced air, Natural gas
CoolingFully air conditioned
Water SourceMunicipal water
Business TypeRestaurant
Cross Streets: bank and somerset. ** Directions: From Parliament hill, South on Bank street until you reach Somerset Street.
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