18,19, 205 First Street E

Retail For Sale in Downtown, Cochrane

$4,667

Fully Equipped Cochrane Restaurant FOR LEASE 
(Save $200K on set up)

OPEN HOUSE:
Thursday, April 7, 2022 - 6:30 PM to 9:00 PM
Saturday, April 9, 2022 - 9:00 AM to Noon

Address:
Unit 18 - 205 1 St E, Cochrane, AB T4C 1X6

(Former Portofino Italian Ristorante)

Description:
Currently set up as a ready to go restaurant, which has successfully operated as a popular Italian restaurant for the past 20 years in Cochrane, AB. You can easily save $200K + on a new restaurant set up, plus free goodwill of a well established location. Large 2,240 sq. ft. space with 80 people seating capacity & plus covered outdoor patio additional 20+. This restaurant can be easily converted into Vietnamese/ Chinese/ Korean/ Mexican/ Pizza / Deli / Cafe / Diner. Just change the sign and decor & start your business. Contact us for details, lease rates, and to book viewing.

LEASE Costs Breakdown:
Operating Cost: $8 per sqft
Lease Net Rate: $15 per sqft

$15+$8 = $23 x 2240 sqft = 51,520 per year / 12 months
Total Monthly Rent = $4,293.3 per month
+ Tenant is responsible for all utilities + Damage deposit 10k. Lease rate & fixturing (set up) period is negotiable, subject to the strength & credit references of the tenant.

Premises Size: 

Interior Space: 2,240 sq. ft.
Exterior Patio: 1,000 sq. ft. (Estimated)


Goods Included:
Ice machine (KoolAire), Fridge (Coke - 2 door), Fridge (Coke - 1 door), Toaster Oven, Free Standing Fridge (Kenmore), Line Fridge (Double Door), Walk-in Cooler, Ice Cream Cooler, 12’’ slicer, Free Standing Freezer - 2 door, Salad Prep Cooler - 3 door, 6 Burner Royal Over/Stove, 10 Burner Royal Oven/Stove - 3 door, 24’’ char-broiler, Low Temp. Dishwasher w/Stainless Steel Tables plus garburator, Butcher Block, Wooden Prep Table, Stainless Steel Prep Table, Prep Table w/Can Opener, Steam Table (3 compartment), Microwave Oven, Four Compartment Hood System, Fire Protection System, Mixer - Kitchenaid, Mixer/Grinder (20 quart), Multiple Shelving Unit w/Stainless Steel Inserts, Food Processor, Multiple Stainless Steel Bowls, Multiple Pots and Pans of all sizes, Air Conditioner (2), Cash Register, Bar w/Sink, Espresso Machine, Coffee Machine and Grinder, All Silverware, Dishes & Glasses, Light Fixtures, 2 Small Coat Rack, 65 Chairs, 7 Table for 2w/Glass Tops, 11 Tables for 4w/Glass Tops, Buffet Hutch, 2 Mounted Wine racks, Rooftop Air and Heater Unit


FOR SALE info: 
Building is also for sale at asking price of $788,000, see MLS listing A1169438

Click for for sale info

If you have any additional questions feel free to call or text us

Miki - (403) 700-2244 Cell
Andy - (403) 830-9123 Cell
RE/MAX Real Estate (Central)

Address 18,19, 205 First Street E
List Price $4,667
Property Type Commercial
Type of Dwelling Retail
Area Cochrane
Sub-Area Downtown
Lot Size 6351 Sq. Ft.
Year Built 1996
MLS® Number A1169646
Listing Brokerage RE/MAX REAL ESTATE (CENTRAL)
Postal Code T4C 1X6
Zoning CB

Request More Info or a Showing

Miki Somos

RE/MAX Real Estate (Central)

#206, 2411 - 4 Street NW Calgary Alberta T2M 2Z8

Mobile: (403) 700-2244

Office: (403) 889-2008

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