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$768,000

Highlights

$768,000

Price

17000 sqft

Lot

For sale
or rent

Status

A2245755

MLS® ID

Large Banquet Facility in Calgary. Accommodates 700 people with full kitchen and catering. Suitable for multi-days wedding parties, 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. 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 bookings, 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. (id:55690)

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    FEATURES AND AMENITIES

    Property Features

    • MLS® Number A2245755
    • Price $768,000
    • Square Footage: 17000 sqft
    • Property Type: Retail
    • Community Name: Downtown Commercial Core

    Buildings

    Constructed Date 1980 Size Exterior 17000 Sqft
    Size Interior 17000 Sqft Total Finished Area 17000 Sqft
    Type Retail

    Land

    Acreage No Size Total Text Unknown

    Agents and Offices

    • Ed Kwan
    • Office: First Place Realty

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