388 Spadina Ave - Restaurant FOR SALE


Toronto, ON M5T 1M2
$3,415,000 CAD
416-815-2374
388 Spadina Ave, Toronto, ON for Sale
$3,415,000 CAD
Restaurant - FOR SALE
1/7
null | 5.65% Cap Rate

388 Spadina Ave
Toronto, ON M5T 1M2


HIGHLIGHTS

  • Easily accessible.

OVERVIEW

A prime two-storey commercial property located in the heart of Toronto’s vibrant Chinatown. This fully leased property benefits from institutional management and offers a unique opportunity to acquire a strong cash flowing asset in one of the city’s most dynamic and culturally rich neighbourhoods.The ground and basement levels (3,261 SF) are leased to Rol San Restaurant, a beloved Toronto institution that has been in business for over thirty years. The second level (1,766 SF) is leased to Mr. 8 Billiards, a popular pool hall that attracts a diverse clientele, further enhancing the property’s appeal.

FOR SALE DETAILS

PRICE

$3,415,000 CAD

PRICE/SF

$679 CAD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1937

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,799 SF

ZONING

CR

APN/PARCEL ID

190406564003700

ASK ABOUT THIS PROPERTY

Arlin MarkowitzCBRE, LimitedMore Info
416-815-2374

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Arlin MarkowitzCBRE, LimitedMore Info
416-815-2374

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.