Cherry Creek Restaurant & Bar - 383 Portage Avenue, Winnipeg, MB

4,748 ft²

Gary C Davlut
Gary C Davlut
Coldwell Banker Commercial Preferred Real Estate

Unit 219 A - operating as Cherry Creek Restaurant & Bar, which has been a staple business (30 + years) on the west side of the 2nd floor of Portage Place Shopping Centre, consists of 4748 SF plus 150 licensed seats and 13 VLTs. The owner is selling because he wants to downsize for personal reasons. This is a well-run, excellent dollar generator, with good profits. Taxes for this property are client stated at $10,589 per annum. Lease expiry is approx. August 1st, 2024. Total operating costs per month are approximately $9,591.86 or $12.39 per square foot / per annum, and include, common area, maintenance, utilities and management. There is a confidentiality agreement required to be signed prior to any detailed information being divulged.

The Space
Asking Price$399,900
Available Space4,748 ft²
Suite NumberCherry Creek Restaurant & Bar
Property UseBusiness for sale
ZoningMulti/Mixed Use
Private Restrooms4

The Building - Portage Place Shopping Mall

Portage Place celebrates community and diversity like no other retail and service setting in Winnipeg. On any given day at Portage Place, you will find business executives and office workers, new Canadians, university students, families who live in the area, sports and concert fans, and residents of our newest condo developments. Portage Place hosts a wide range of services for the people who live and work in our community. Service Canada helps Canadians with Social Insurance Numbers, Pension Benefits, Incentive Grants and more. Other service providers offer arts programs, adult learning, disability resources and legal supports. If you are part of the community that gives back, you’re in good company at Portage Place.

Property TypeRetail
Building Size439,600 ft²
ZoningMulti/Mixed Use
Parking Spaces400
Freight Elevators2
Private Restrooms10
Passenger Elevators8

Air Conditioning
Anchor Space
Bicycle Storage
Bike Friendly
Bus Line
Central Heating
Emergency Lighting
Food Court
Mail Service
Natural Light
On Site Management
Transit Friendly
Vending Machines
Wheelchair Access
Gary C Davlut
Gary C Davlut
Coldwell Banker Commercial Preferred Real Estate