379 Preston Street

About This Property

The legendary Prescott is available in the heart of Little Italy in Ottawa. Originally opened in 1934 as The Prescott Hotel on Preston Street, this iconic hospitality business has become one of the city's best known sports bar and entertainment destinations. Featuring The Porch on Preston rooftop patio, widely regarded as one of Ottawa's top patios, this is a rare opportunity to acquire a historic and highly profitable hospitality venue with deep roots in the local community. Currently owned and operated by MRG Group, the business spans approximately 10,000 Sq Ft and is licensed for 600 guests including the rooftop patio. The property features a full commercial kitchen with large hood systems and walk-in refrigeration,allowing for high volume food and beverage operations, events, nightlife, and entertainment programming. The business is available with training or can be converted into a different concept, cuisine, franchise, or entertainment venue. Lease rate of $34,100 Gross Rent including TMI with lots of term remaining. Positioned in one of Ottawa's most vibrant restaurant and nightlife districts, this flagship hospitality location benefits from outstanding visibility, steady traffic, and a loyal customer following built over generations.Serious enquiries only please do not approach staff or ownership.