489 2nd AVENUE N, Saskatoon, SK S7K 2C1
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Listed by May Liang • Royal LePage Varsity
$149,900
Est. payment /mo
3,340 SqFt
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Key Details

Property Type Commercial

Sub Type Retail

Listing Status Active

Purchase Type For Sale

Square Footage 3,340 sqft

Price per Sqft $44

Subdivision City Park

MLS Listing ID SK043148

Year Built 2012

Property Sub-Type Retail

Source Saskatchewan

Property Description

Excellent opportunity to acquire a well-established, fully equipped Vietnamese restaurant in a high-exposure downtown Saskatoon location. The lease includes approximately 1,578 sq. ft. of main-floor restaurant space, plus a 2-bedroom basement living quarters included at no additional base rent. Current base rent is $6,000/month plus $500/month occupancy costs (+ GST), with the tenant responsible for separately metered gas and electricity. There are also shared occupancy cost with the church above. Occupancy costs include property taxes, building insurance, water, common area maintenance, snow removal, landscaping, and other building operating expenses. Current lease expires February 28, 2027, with one 5-year renewal option available (subject to the lease terms). The restaurant features quality leasehold improvements, a fully equipped commercial kitchen, and a spacious dining area. Two designated parking stalls are included. Financial statements are available to qualified buyers upon signing a Confidentiality Agreement (NDA). Please do not approach staff or discuss the sale with employees. All showings are by appointment only.

Location

Province SK

Community City Park

Interior

Heating Air Conditioning, Floor Model Furnace, Hot Water, Roof Top H/Vac

Exterior

Garage Spaces 2.0

Amenities Available Alarm System Owned, Floor Drains, Onsite Parking

Total Parking Spaces 2

Others

Ownership Leasehold

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489 2nd AVENUE N

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