111 Princess Street , Kingston, ON K7L 1A8
Kingston, ON K7L 1A8
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 $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! **EXTRAS** Please see document section for deposit information. Schedule B to be included with all offers.
Details
| MLS# | X11918245 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | New |
| Days On Site | 67 |
| Listing Provided By | RE/MAX FINEST REALTY INC., BROKERAGE | Not Provided |
Features
| SQ Feet | 5,092 |
|---|---|
| Acreage | 0.12 |
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Learn More About This Property
| Province | ON |
|---|---|
| Region | Frontenac |
| City | Kingston |
| Postal Code | K7L 1A8 |
| Area | Central City East |
| Listing VS Median (In K7L 1A8) | |
Price: $229,900 low | high Med: $114,956 SqFt: 5,092 low | high Med: 5,092 $ / SqFt: $45 low | high Med: $23 On site: 67 low | high Med: 67.000000 | |