379 Preston Street Ottawa, Ontario K1S 4N1
$399,000
The legendary Prescott is available in the heart of Little Italy in Ottawa. Originally openedin 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has becomeone of the city's best known sports bar and entertainment destinations. Featuring The Porch onPreston rooftop patio, widely regarded as one of Ottawa's top patios, this is a rareopportunity to acquire a historic and highly profitable hospitality venue with deep roots inthe local community. Currently owned and operated by MRG Group, the business spansapproximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. Theproperty features a full commercial kitchen with large hood systems and walk-in refrigeration,allowing for high volume food and beverage operations, events, nightlife, and entertainmentprogramming. The business is available with training or can be converted into a differentconcept, cuisine, franchise, or entertainment venue. Lease rate of $34,100 Gross Rentincluding TMI with lots of term remaining. Positioned in one of Ottawa's most vibrantrestaurant and nightlife districts, this flagship hospitality location benefits fromoutstanding visibility, steady traffic, and a loyal customer following built over generations.Serious enquiries only please do not approach staff or ownership. (id:49269)
Business
| Business Type | Restaurant |
| Business Sub Type | Restaurant/pub |
Property Details
| MLS® Number | X13873810 |
| Property Type | Business |
| Community Name | 4502 - West Centre Town |
Building
| Bathroom Total | 2 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 10,000 Sqft |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Size Depth | 99 Ft ,6 In |
| Size Frontage | 98 Ft ,5 In |
| Size Irregular | 98.42 X 99.5 Ft |
| Size Total Text | 98.42 X 99.5 Ft |
| Zoning Description | Business Commercial |
https://www.realtor.ca/real-estate/30377752/379-preston-street-ottawa-4502-west-centre-town
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October 07 2026 09:37:27
Toronto Regional Real Estate Board
Royal LePage Signature Realty