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Markham Restaurant Retail Space for Sale 28 South Unionville Avenue, Markham, ON L3R 1J5, Canada
Property Description
Rare opportunity to purchase a restaurant space in one of Markham's hottest plazas. Situated in one of the best locations at Langham Square, this unit offers excellent visibility and exposure, with the added advantage of directly facing the parking area for easy access and strong storefront presence. Currently operating as a restaurant with a very stable tenant in place for 8 years, with 2 more years remaining on the lease, and never late on rent. Total area is approx. 769 sq ft (approx. 692 sq ft net retail). Plenty of visitor parking is available on both the surface and underground levels. A covered arcade walkway provides convenient all-weather access in rain or snow. Existing commercial venting and restaurant build-out are in place, and the electrical system has been upgraded to 400A three-phase service to support high-demand kitchen equipment. Seller invested approximately $250K, including ventilation/hood system, make-up air, grease interceptor, and related approvals/permits-a valuable head start for food operators (Refer to the inclusion list).
Area Description
Hot Markham Area
Highlights
Major Center Retail in Markham
Highway 7 / Kennedy
Seller invested approximately $250K, including ventilation/hood system, make-up air, grease interceptor, and related approvals/permits-a valuable head start for food operators
Full Address: 28 South Unionville Avenue, Markham, ON L3R 1J5, Canada
Listing Type: FOR SALE
Status: Active
Occupancy Rate: 100%
Building Class: B
Zoning: Commercial
County: Regional Municipality of York
Closest Cross Streets: Highway 7 / Kennedy
Use Type: Restaurant/Fast Foot
Property ID: 4110711
Power: Yes
Number Units: 1
Number Buildings: 1
Year Built: 2013
Year Renovation: 2016
Cap Rate: 5%
Tenancy Type: Single-Tenant
Major Center Retail in Markham Highway 7 / Kennedy Seller invested approximately $250K, including ventilation/hood system, make-up air, grease interceptor, and related approvals/permits-a valuable head start for food operators