7.5% cap rate. ICONIC building located on a CORNER lot with existing commercial tenant (restaurant) that's been operating since 1995 on the ground floor unit. This can be a turn-key investment or for self use owner occupied as well. 3 Apartments on the upper floor. Each unit approx 600-700sqft. 6 Parking spots on site. Restaurant seats 100 with 25 patio seating as well. Liquor licensed. Restaurant premise is approx 2000sqft. Functional lower level and being used as part of the restaurant for preparation, fridges, freezers and storage. 2nd floor with 3 two bedroom apartments, kitchen, living/dining area, full bathroom. Each apartment pays their own hydro. Well maintained building and Turn-key investment. Roof replaced 2012. Viewings are by appointment only through listing agent. Please respect the restaurant business thats in operation. DO NOT APPROACH STAFF WITH QUESTIONS RELATED TO THE SALE. They will NOT answer. (id:2493)More details
Great opportunity to own a CASH cow. Essentially 3+ businesses into one with the 1. diner, for eat-in/takeout/delivery, 2. truck parking and, 3. A conference/party venue/catering are the sources of income. Also, all assets are included with the sale of the business and business name and phone number. Seating for the dining side approximately 150 with a massive kitchen. The venue portion capacity is around 250. And the truck and/or car parking 50+. Very VERSATILE building with loads of storage on the lower level coupled with offices, bathrooms, staff changing room. DO NOT visit without appointment through listing agent. Staff WILL NOT answer any questions. Discretion please. and SERIOUS buyers only. Please note that the Business is for sale NOT the land. (id:2493)More details
Data was last updated November 5, 2024 at 11:15 PM (UTC)
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