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Listed by Ella Wang • Royal LePage ProAlliance Realty, Brokerage
$ 230,000
Est. payment /mo
Active
111 Princess Street Kingston, ON K7L 1A8
UPDATED:
10/25/2024 03:59 PM
Key Details
Property Type Commercial
Sub Type Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 40669157
Originating Board Kingston
Property Description
This is a fantastic opportunity to own a fully established bakery, deli, and restaurant in a premier downtown Kingston location in operation since 1963. The property spans two levels, with 2,546 square feet on the main floor dedicated to a service area with comfortable dining, plus an additional 2,546 square feet on the lower level, featuring a commercial kitchen that is fully outfitted with high quality equipment and includes rear door access. The entire 5,092 square feet is available at a competitive net lease rate of $12.50 per square foot, with an additional $7.50 per square foot in operating costs (TMI). Also available is the dedicated parking spot in the adjacent municipal lot for just $156 per month and access to a seasonal patio leased from the city. A detailed list provided of income, expenses, catering clients, suppliers and equipment details is available to serious buyers. Significant updates have been made in 2024, including a new HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston!
Location
Province ON
County Frontenac
Area Kingston
Zoning DT1-Commercial
Direction Princess Street between Wellington & Bagot, next to Scotia Bank
Rooms
Kitchen 0
Interior
Fireplace No
Exterior
Garage No
Building
Lot Description City Lot, High Traffic Area, Public Parking, Shopping Nearby, Visual Exposure
Faces Princess Street between Wellington & Bagot, next to Scotia Bank
New Construction No
Others
Senior Community No
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