$799,000 FOR SALE

Business for Sale

Restaurant/Pub

Lot: 0 x 98 ft

356 Preston Street
Ottawa, ON K1S 4M6

Set in the charming and growing neighborhood of Little Italy, La Favorita invites you to own this renowned rustic restaurant. Fully equipped with top-of-the-line appliances, a wood oven fireplace, and seating for up to 140 guests, this fully operational business has been a community staple for over 30 years. Boasting patio and liquor licenses, La Favorita is strategically located between residential and commercial areas, making it a thriving establishment in a prime location serving a high-end Italian menu. The restaurant features multiple seating areas, including an upstairs level for 30, a main dining room for 60, a front room for 40, and an outdoor patio for warmer months, plus catering and takeout. With nearly 1200 Google reviews, this fine dining restaurant speaks for itself. Contact us to learn more to make it yours. The restaurant owner is retiring. Lease terms are easily negotiable. Please note that showings are preferred before the business opens. (id:47423)

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Listed By ROYAL LEPAGE TEAM REALTY
Data Provided By Ottawa Real Estate Board
MLS® Listing Number X9522964
Last Updated Dec 24, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant/Pub
Franchise Non-Franchise
Community 4502 - West Centre Town
Price History
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Detailed Information
Lot 0 x 98 ft
Listing Contract Date 2024-10-16
Location Description Heading east on Carling Avenue, turn left onto Preston Street.
Maintenance Fee Type Insurance
Property Type Business
Transaction Type For sale
Zoning Description TM[78]H(15)
Business
Business Type Restaurant
Business Subtype Restaurant/pub
Name La Favorita
Building
Utility Water Municipal water
Land
Total Size Unit=98 FT
Size of Irregular Land Unit=98 FT

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