111 Princess ST, Kingston, ON K7L 1A8
111 Princess ST, Kingston, ON K7L 1A8
111 Princess ST, Kingston, ON K7L 1A8
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$74,900
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111 Princess ST Kingston, ON K7L 1A8

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Kenneth Yim

Kenneth Yim

+1(416) 906-0080

UPDATED:

Key Details

Property Type Commercial

Sub Type Sale Of Business

Listing Status Active

Purchase Type For Sale

Subdivision 14 - Central City East

MLS Listing ID X12368208

Tax Year 2024

Property Sub-Type Sale Of Business

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 asking price is all equipment, goodwill and contacts - 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 $17.50 per square foot ($2.50 PSF discount for 5 year from regular 20.00 PSF given to purchaser of existing business) , 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 anew 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 Frontenac

Interior

Cooling Yes

Exterior

Utilities Available Yes

Building

Building Age 100+

Others

Security Features Yes

ParcelsYN No

Listed by RE/MAX FINEST REALTY INC., BROKERAGE

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Kenneth Yim

Kenneth Yim

Broker of Record | License ID: 9524831

+1(416) 906-0080

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111 Princess ST

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