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111 Princess ST Kingston, ON K7L 1A8
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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
Zoning DT-1 - COMMERCIAL
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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NEARBY SCHOOL & BUSINESS
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