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Toronto E01, ON M4K 1P5,505 Danforth AVE
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Toronto E01, ON M4K 1P5,505 Danforth AVE
Toronto E01, ON M4K 1P5,505 Danforth AVE
Toronto E01, ON M4K 1P5,505 Danforth AVE
Toronto E01, ON M4K 1P5,505 Danforth AVE
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Jeff Somlo

Jeff Somlo

+1(647) 998-3693
$ 149,000
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505 Danforth AVE Toronto E01, ON M4K 1P5

1,800 SqFt

UPDATED:

09/12/2024 08:14 PM

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Square Footage 1,800 sqft

Price per Sqft $82

MLS Listing ID E9346828

Tax Year 2024

Property 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.

Location

Province ON

County Toronto

Area North Riverdale

Region North Riverdale

City Region North Riverdale

Interior

Cooling Yes

Exterior

Utilities Available Available

Others

Security Features Yes

Listed by GET HOME REALTY INC.
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505 Danforth AVE