JN REAL ESTATE GROUP

Chinatown

FOR LEASE

$5,595

LEASE RATE · PER MONTH

128 2nd Avenue SE, Calgary · T2G 5J5

RETAIL · BUILT 2017

MLS A2303751 · 80 DAYS ON MARKET

Interested in this commercial property?

JN Real Estate Group can clarify the listing, discuss whether the assignment fits and arrange a property visit when appropriate.

RE/MAX Complete Realty · Calgary

ABOUT THIS PROPERTY

An incredible opportunity to own a well-established Korean deep-fried chicken restaurant in the heart of Chinatown, just steps from the Bow River pathways and surrounded by downtown offices and vibrant hangout spots that attract steady foot traffic throughout the day and evening. This restaurant is located on a busy street and offers an efficient space with 23 permitted seats, a liquor license with two washrooms; making it ideal for both dine-in and takeout operations. Originally established in 2015 and successfully operated by the current owner since 2017, the business features designer's interior touches, and a well-equipped commercial kitchen, along with recent upgrades including a newer hot water heater tank and updated flooring. With ongoing revitalization efforts in Chinatown drawing renewed interest from both the city and the local community, this area is quickly gaining momentum as a popular destination with many trendy retailers and restaurants. This is a business asset sale, allowing you to continue the current concept or bring your own fresh vision to elevate it further. The replacement cost for a restaurant like this today is easily exceeding $200K, yet it is attractively priced at only $89,900, with a secure lease in place until 2030 under a supportive landlord. The lease includes base lease, operating costs, property tax, and GST. Showings are by appointment only, and please do not visit or approach staff without prior arrangement, as the business is currently in operation. Thank you.

DETAILS

TRANSACTION

TRANSACTION
For Lease
LEASE PERIOD
Monthly
LEASE MEASURE
Fixed

BUILDING

TYPE
Retail
YEAR BUILT
2017

COMMUNITY

COMMUNITY
Chinatown
POSTAL CODE
T2G 5J5

LISTING COURTESY OF MINGU KYOUNG · MAXWELL CAPITAL REALTY

DATA PROVIDED BY PILLAR 9. DISPLAYED BY JN REAL ESTATE GROUP · RE/MAX COMPLETE REALTY.