53 Observatory LN, Richmond Hill, ON L4C 8K9
53 Observatory LN, Richmond Hill, ON L4C 8K9
53 Observatory LN, Richmond Hill, ON L4C 8K9
53 Observatory LN, Richmond Hill, ON L4C 8K9
53 Observatory LN, Richmond Hill, ON L4C 8K9
53 Observatory LN, Richmond Hill, ON L4C 8K9
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Austin Falk

Austin Falk

+1(647) 687-3255
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6 Baths

7,491 SqFt

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6 Baths

7,491 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Rent

Square Footage 7,491 sqft

Subdivision Observatory

MLS Listing ID N13749360

Annual Tax Amount $80,000

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

RARE TURNKEY RESTAURANT, LOUNGE & PREMIER EVENT VENUE IN THE HEART OF DOWNTOWN RICHMOND HILL! This is far more than a restaurant space-it is a show-stopping hospitality and entertainment destination designed to host unforgettable experiences. Offering approx. 5,700 sq. ft. of restaurant, lounge and event space, plus approx. 680 sq. ft. of private office area, this exceptional venue features a dramatic dance floor, full bar, professional-quality sound and music infrastructure, two large-screen TVs, extensive seating capacity and a fully equipped commercial kitchen. An outstanding opportunity for weddings, engagement parties, corporate functions, birthdays, cultural celebrations, live entertainment, ticketed programs, private venue rentals, upscale dining and nightlife concepts. Approx. 40 parking spaces are currently allocated to the premises, with the potential to accommodate up to approx. 100 vehicles, subject to availability, landlord approval and applicable arrangements-an extraordinary advantage for event-focused operators. The existing layout and infrastructure may significantly reduce the time and capital normally required to build a venue of this scale. Furniture, fixtures, kitchen/bar equipment, sound and music systems, TVs, tables, chairs and other business assets may be available through a separate agreement with the current business owner and are not included in the base rent. Existing liquor-licence and hookah-related approvals are subject to independent verification, transferability and regulatory approval. Net Rent: $25/Sq. Ft.; TMI: Approx. $12/Sq. Ft., plus HST, utilities and applicable charges. A space of this scale, energy and event capability is rarely offered in Richmond Hill. Photos cannot capture its atmosphere-book a private showing and experience the possibilities in person!

Location

Province ON

County York

Area York

Zoning R-IND Depth

Interior

Cooling Yes

Inclusions Use of the leased premises, including the existing built-in bar area, dance floor, private office area and permanent improvements forming part of the premises, as specifically identified in the final lease agreement.

Exterior

Utilities Available Yes

Lot Frontage 200.19

Lot Depth 615.63

Building

Building Age 31-50

Others

Security Features No

ParcelsYN No

Listed by REMAX YOUR COMMUNITY REALTY

Nearby Locations

Austin Falk

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 687-3255

austin@falkrealtygroup.ca

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53 Observatory LN

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