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101 King St W 1,400 SF of Retail Space Available in Prescott, ON K0E 1T0
Highlights
- Fully operational restaurant/pub with established customer base in a central downtown location.
- Sale includes business, chattels, and real estate, with flexible purchase options available.
- Restaurant space available for lease, fully equipped and ready for immediate occupancy.
- Prominent corner site across from the marina and amphitheatre, ensuring year-round visibility.
Space Availability (1)
Display Rental Rate as
- Space
- Size
- Term
- Rental Rate
- Rent Type
| Space | Size | Term | Rental Rate | Rent Type | ||
| 1st Floor | 1,400 SF | Negotiable | $42.42 CAD/SF/YR $3.54 CAD/SF/MO $59,388 CAD/YR $4,949 CAD/MO | Triple Net (NNN) |
1st Floor
Exceptional opportunity to lease a fully equipped, turn-key restaurant in a high-visibility corner location in the heart of Prescott's downtown core. Currently operating as a well-known Irish pub, this versatile commercial space is ideally suited for a wide range of restaurant concepts-from casual dining to upscale bistro, pub, or themed cuisine. Property Highlights: Fully licensed restaurant, 83 seats in the main dining room with 148-seat patio - ideal for seasonal dining and events. All restaurant equipment included in the lease. Prominent corner location with excellent exposure and foot traffic. Established restaurant layout with bar, kitchen, and service areas in place. This is a rare opportunity to step into a ready-to-operate restaurant space without the high cost and delays of a full build-out. Bring your concept and start serving immediately in one of Prescott's most desirable downtown locations. During the first year of lease, there will be a $1,000 monthly discount off the base rent.
- Lease rate does not include utilities, property expenses or building services
- Fully Built-Out as a Restaurant or Café Space
- Space is in Excellent Condition
Rent Types
The rent amount and type that the tenant (lessee) will be responsible to pay to the landlord (lessor) throughout the lease term is negotiated prior to both parties signing a lease agreement. The rent type will vary depending upon the services provided. For example, triple net rents are typically lower than full service rents due to additional expenses the tenant is required to pay in addition to the base rent. Contact the listing broker for a full understanding of any associated costs or additional expenses for each rent type.
1. Full Service: A rental rate that includes normal building standard services as provided by the landlord within a base year rental.
2. Double Net (NN): Tenant pays for only two of the building expenses; the landlord and tenant determine the specific expenses prior to signing the lease agreement.
3. Triple Net (NNN): A lease in which the tenant is responsible for all expenses associated with their proportional share of occupancy of the building.
4. Modified Gross: Modified Gross is a general type of lease rate where typically the tenant will be responsible for their proportional share of one or more of the expenses. The landlord will pay the remaining expenses. See the below list of common Modified Gross rental rate structures: 4. Plus All Utilities: A type of Modified Gross Lease where the tenant is responsible for their proportional share of utilities in addition to the rent. 4. Plus Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of cleaning in addition to the rent. 4. Plus Electric: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical cost in addition to the rent. 4. Plus Electric & Cleaning: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the electrical and cleaning cost in addition to the rent. 4. Plus Utilities and Char: A type of Modified Gross Lease where the tenant is responsible for their proportional share of the utilities and cleaning cost in addition to the rent. 4. Industrial Gross: A type of Modified Gross lease where the tenant pays one or more of the expenses in addition to the rent. The landlord and tenant determine these prior to signing the lease agreement.
5. Tenant Electric: The landlord pays for all services and the tenant is responsible for their usage of lights and electrical outlets in the space they occupy.
6. Negotiable or Upon Request: Used when the leasing contact does not provide the rent or service type.
7. TBD: To be determined; used for buildings for which no rent or service type is known, commonly utilized when the buildings are not yet built.
Select Tenants at 101 King St W, Prescott, ON K0E 1T0
- Tenant
- Description
- CAN Locations
- Reach
- O'Heaphy's Irish Pub
- Cocktail Bar
- 1
- Local
| Tenant | Description | CAN Locations | Reach |
| O'Heaphy's Irish Pub | Cocktail Bar | 1 | Local |
Property Facts
| Total Space Available | 1,400 SF | Gross Leasable Area | 3,972 SF |
| Property Type | Retail | Year Built | 1900 |
| Property Subtype | Storefront Retail/Residential |
| Total Space Available | 1,400 SF |
| Property Type | Retail |
| Property Subtype | Storefront Retail/Residential |
| Gross Leasable Area | 3,972 SF |
| Year Built | 1900 |
About the Property
The property at 101 King St W in Prescott, Ontario, is a two-story mixed-use building constructed in 1900. It occupies a corner lot in the downtown core, directly across from the marina and amphitheatre. The building includes a ground-floor restaurant and upper-level residential apartments, with additional commercial rental space. The site is located within a walkable area with nearby retail and waterfront amenities.
- Restaurant
- Signage
- Signalized Intersection
Nearby Major Retailers
Presented by
101 King St W
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