505 Danforth Avenue, Toronto E01, ON M4K 1P5

  • $149,000
505 Danforth Avenue, Toronto E01, ON M4K 1P5
Active
505 Danforth Avenue, Toronto E01, ON M4K 1P5
  • $149,000

Overview

Property ID: E9346828
  • Commercial Sale, Sale Of Business
  • Property Type
  • 1800
  • Square Feet

Description

Turnkey Restaurant for Sale in Greek Town Extensively renovated Indian cuisine restaurant at the prime AAA+ location of Danforth and Logan, right in the midst of Greek Town. Licensed for 124 patrons inside and 12 on the front patio. Features a fully built-out main floor and basement, with all chattels and equipment included. Total space is 1,800 sqft with 4 years remaining on the lease and an option to renew. This well-kept, like-new, and very well-established restaurant experiences heavy daily foot traffic and high take-out volume from both loyal and new customers, including tourists. Conveniently located with easy parking available on multiple nearby streets. Highlights:- Fully equipped kitchen with 11′ exhaust hood, full range, walk-in cooler, and more; Significant investment made in kitchen build-out and leasehold improvements; Excellent structural integrity with all mechanical systems in great shape and 3-phase power; Licensed for 124 patrons inside, with an additional 12 on the front patio; Garage-style frontage that opens the dining room to the street; Currently operating as a successful Indian restaurant, but the space is adaptable to various concepts and styles of cuisine; Strong lease in place with a current rent of $10,112 per month, inclusive of TMI and HST; Four years remaining on the lease with options to renew.

  • Address 505 Danforth Avenue
  • City Toronto E01
  • State/county ON
  • Zip/Postal Code M4K 1P5

Details

Updated on September 12, 2024 at 8:14 pm
  • Property ID: E9346828
  • Price: $149,000
  • Property Size: 1800 Square Feet
  • Garage Size: x x
  • Property Type: Commercial Sale, Sale Of Business
  • Property Status: Active
  • MLS#: E9346828

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