NewFor Lease

53 Observatory Lane
Richmond Hill, York, ON, L4C 8K9

Commercial Retail
TRREB
MLS® Number: N13749360
$25/square feetLease Price
Commercial RetailProperty Type
7,491 sq ftSize
$80,000 / 2025Taxes (Annual)
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Listing History

Buy/sell history for 53 Observatory Lane, Richmond Hill, ON L4C 8K9

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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!

Features

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Amenities

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Summary

Tax (Annual):$80,000 / 2025
Listing #:N13749360
Property Type:Commercial Retail
Building Age:31-50
Size:7,491 sq ft
Land Size:200.19 x 615.63
Days on CPRB:
Garage:Outside/Surface
Locker:None
On CPRB Since:
Listing Brokerage:REMAX YOUR COMMUNITY REALTY

Rooms

Details

Property

Property Type:Commercial Retail
Community:Observatory
Municipality:York

Building

Size:7,491 sq ft
Building Age:31-50

Inside

Bedrooms:0
Bathrooms:6
Kitchens:0
Family Room:No

Parking

Garage Type:Outside/Surface
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Open

Land

Cross Street:YONGE - WELDRICK

$25/square feet

Lease price

53 Observatory Lane, Richmond Hill – Commercial Retail for lease