ON
Waterloo
N2L3V4
494 Albert Street
494 Albert Street, Waterloo, ON N2L3V4
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Listing Type
Commercial/Industrial
Listing Status
Active
15
$549,000

Home Details for 494 Albert Street

Price
$549,000
Type
Commercial Sale
Total Bathrooms
3
Listing #
X13027938
Property Description

Thriving Waterloo Entertainment Venue For Sale - One of the City's Best-Equipped Entertainment Destinations! Highly popular since 2013 and well-loved by the local community, this established all-in-one entertainment destination features Indoor Golf, Pool Hall, Table Tennis, and a Licensed Bar, making it a go-to gathering spot for customers of all ages. Strong local recognition with a 4.4/5 Google rating.Offering 4,108 Sq Ft on the main level plus an additional 4,000+ Sq Ft basement, totalling over 8,000 Sq Ft of usable space. Low Rent of $7,985.81/Month (Including TMI & HST). Current lease runs until August 31, 2028, with one 5-year renewal option. Water included at no extra cost.Over $170,000 in recent upgrades, including: 2 Premium Golfzon Vision Plus Golf Simulators (upgraded in 2023, cost over $68,000) 6 Tournament-Grade Pool Tables (upgraded at the end of 2024, cost over $40,000) Brand New Tournament-Grade Shadowless Pool Table Lighting (installed at the end of 2024, cost over $20,000) New Carpet Throughout (installed in 2024, cost over $40,000) Plus additional equipment and improvements.Located in a busy plaza with excellent exposure, abundant parking, and easy access. Close to University of Waterloo, with at least 6 future high-rise residential towers to be built directly across the plaza, creating tremendous future traffic and customer growth potential.Seller Support Available: Seller willing to assist interested buyers with securing commercial financing. Training available to help the buyer continue operating this successful business smoothly.Great opportunity for entrepreneurs to take over a growing, high-demand entertainment concept in a vibrant community. (id:31684)

Property Features
  • Heating Information
    • Forced Air
    • Natural Gas
Listing Courtesy: HC REALTY GROUP INC.
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EXIT INTEGRITY REALTY, BROKERAGE
240 Holiday Inn Drive #F, Cambridge, ON N3C 3X4
Paul Dion
License #: 5030680
Sales Representative
Office
647 618 3158
Agent
613 293 3337
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