218 Lakeshore Road East, Oakville | Image 1

218 Lakeshore Road East

Oakville, Old Oakville

  • Commercial

$849,000
For Sale

Added 4 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: C3R

  • Age: No Data

  • MLS®#: W9258713

  • Added: Aug 16, 2024 (4 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: HOMELIFE/MIRACLE REALTY LTD

The Pescaraa Restaurant & Venue is a highly successful business with exceptional sales and strong profitability. This 5,000 sq. ft. establishment is spread over two levels. The main level features a charming Italian restaurant with seating for 70-80 guests, while the lower level offers a banquet hall accommodating up to 100 people. Equipped with a full chefs kitchen, a large liquor license, and a spacious outdoor patio, this restaurant is fully prepared for business. The property boasts a long-term lease of 2+5 years at approximately $10,500 gross (including TMI). Situated in the vibrant town of Oakville, surrounded by a growing population, this location has undergone extensive renovations and upgrades by the current owner with significant investment. The kitchen is fully equipped and ready for operations. Don't miss this excellent business opportunity!

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Oakville

  • Community: Old Oakville

  • Availability Date: Flex

Inside

  • Bathrooms: 3

  • Air Conditioning: Y

  • Washrooms: 3

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Elevator: None

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT B, BLK 11, PL 1 20R12809; OAKVILLE. T/

  • Expenses: Est

  • Taxes Type: Annual

Land

  • Cross Street: Lakeshore Rd & Trafa

  • Municipality District: Oakville

  • Sewer: San+Storm

  • Zoning: C3R

Commercial Specific

  • Number of Employees: 7

  • Retail Area: 100

  • Retail Area Metric: %

  • Total Area: 5000

  • Total Area Metric: Sq Ft

  • Hours Open: -

  • Industrial Area Metric: Sq Ft

  • Office Size Metric: Sq Ft

  • Days Open: 7

  • Franchise: Y

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 75

  • Business/Building Name: Pescaraa Restaurant & Venue

  • Financial Statement: N

  • LLBO: N

Map of 218 Lakeshore Road East, Oakville
JK-6

Oakwood Public School

Elementary: Public
1.27 km
JK-8

St James Separate School

Elementary: Catholic
1.92 km
JK-6

New Central Public School

Elementary: Public
0.94 km
JK-8

St Vincent's Catholic School

Elementary: Catholic
2.38 km
JK-8

ÉÉC Sainte-Marie-Oakville

Elementary: Catholic
1.58 km
JK-8

W H Morden Public School

Elementary: Public
1.98 km
9-12

École secondaire Gaétan Gervais

Secondary: Public
2.64 km
9-12

Gary Allan High School - Oakville

Secondary: Public
3.35 km
9-12

Thomas A Blakelock High School

Secondary: Public
3.64 km
9-12

Oakville Trafalgar High School

Secondary: Public
3.16 km
9-12

St Thomas Aquinas Roman Catholic Secondary School

Secondary: Catholic
1.51 km
9-12

White Oaks High School

Secondary: Public
3.35 km
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