Restaurants for Sale — Surrey, BC
$99,000
155 16050 24 AVENUE, Surrey, BC V3Z0R5
Property details
From the listing remarks
- Established
- 2017
Stated by the listing brokerage in the remarks; not verified. Hover a value to see the exact sentence it came from.
Listing Information
- MLS®
- C8074358
- Listed
- December 5, 2025
- Time on market
- 283 days
- Data last synced
- September 14, 2026
- Source
- CREA DDF®
Description
Commercial Kitchen ASSET SALE with secured LONG TERM LEASE until end of 2027 + 5 YEAR RENEWAL OPTION. This PRIME LOCATION opened in 2017 and is rooted in the heart of Morgan Crossing (160th St and 24th Av) in plaza steps away from HIGH WALK IN traffic tenants such as Superstore, Starbucks, Club 16 Fitness, Shoppers Drug Mart. OVER 1,000 sqft, OVER 200K in TENANT IMPROVEMENTS + OVER 100K in EQUIPMENT, plenty of seating, tons of free parking. One of BEST LEASE RATE in South Surrey for Retail-Restaurant locations. CURRENTLY OPERATING AS A SANDWICH SHOP BUT CAN BE CHANGED IDEALLY TO: SUSHI/POKE/DONAIR/BUBBLE/TEA/BURRITO/INDIAN/GREEK/NOODLE,RAMEN/CHICKEN WING (& LIMITED PIZZA > 20% OF GROSS SALES). All permits in place. Bring your restaurant business ideas and consider investing in this flourishing economic community! (id:63159)
Financing calculator
Estimate your monthly payment on the $99,000 asking price.
Financing details
- Monthly debt service
- $961
- Cash required at close
- $44,800
- DSCR
- —
- Cash-on-cash return (yr 1)
- —
Pure arithmetic, no market assumptions — informational only, not financial advice. Enter your own stated SDE/EBITDA above to see DSCR and cash-on-cash return.
Location
Local market size (Surrey)
- Population
- 568,322(+9.7% since 2016)
- Population density
- 1,797.9/km²
- Median household income
- $98,000
Source: Statistics Canada, 2021 Census of Population.
Education
- Bachelor's degree or higher
- 26.5%
- Postsecondary below bachelor's
- 25.3%
- High school diploma
- 31.7%
- No certificate/diploma
- 16.5%
Population aged 15 and over.
Commute
- Car, truck or van
- 82.2%
- Public transit
- 13.1%
- Walked
- 2.7%
- Bicycle
- 0.3%
- Other
- 1.8%
Commute duration
- Under 15 min
- 17.7%
- 15–29 min
- 32.8%
- 30–44 min
- 28.0%
- 45–59 min
- 10.7%
- 60+ min
- 10.9%
Employed labour force with a usual workplace.
Mother Tongue
Top 10 mother tongues reported (single responses).
Nearby Places
Restaurants (5+)
- Woo Korean BBQ · 16070 24 Avenue60m
- I am Pho63m
- Afghan Kitchen · 16120 24 Avenue64m
- Freshii · 16030 24 Avenue76m
- Liberty Kitchen · 16010 24 Avenue84m
Cafes (4)
- Starbucks · 16010 24 Avenue80m
- Tim Hortons · 16141 24 Avenue198m
- Chatime · 2443 161a St, Surrey, BC V3Z 0M6278m
- Starbucks · 15850 Croydon Drive573m
Grocery (2)
- Real Canadian Superstore · 2332 160 Street154m
- Thrifty Foods · 15745 Croydon Drive684m
Shopping (5+)
- Grandview Central84m
- Smartcentres South Surrey146m
- Walmart · 2355 160 Street296m
- Smartcentres South Surrey346m
- The Shops at Morgan Crossing590m
Parks (5+)
- Oak Meadows Park · 16271 22 Avenue466m
- Unnamed509m
- Morgan Heights Linear Park551m
- Unnamed596m
- Oliver Park783m
Gyms (4)
- Club16 Trevor Linden Fitness South Surrey · 16050 24 Avenue13m
- SpinHouse South Surrey & Recharge Juice Bar · 16041 24 Avenue162m
- Club Pilates · 2245 160 Street243m
- Fitness World · 15850 26 Avenue575m
Pharmacies (4)
- Shoppers Drug Mart · 16050 24 Avenue34m
- Pharmasave · 2448 160 Street280m
- London Drugs · 15850 26 Avenue535m
- Thrifty Foods Pharmacy · 15745 Croydon Drive707m
Banks & ATMs (5+)
- Westminster Savings92m
- Coast Capital Savings · 16011 24 Avenue166m
- TD · 2411 160 Street193m
- CIBC · 2245 160 Street217m
- Scotiabank229m
Healthcare (1)
- Mercy Medical Clinic104m
Nearby places data: © OpenStreetMap contributors.
Nearby transit
| Eastbound 24 Ave @ 160 St | 103m | |
| Westbound 24 Ave @ 161A St | 170m | |
| Northbound 160 St @ 24 Ave | 187m | |
| Westbound 24 Ave @ 160 St | 200m | |
| Eastbound 24 Ave @ 161A St | 227m | |
| Eastbound 24 Ave @ Croydon Dr | 336m |
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Frequently asked questions
What is the asking price for this restaurant?
The asking price is $99,000.
Where is this business located?
This listing is located in Surrey, British Columbia.
How current is this listing?
This listing is sourced from the CREA Data Distribution Facility (DDF®) and refreshed nightly. It was last confirmed active on September 14, 2026.