169 Front St - Storefront Retail/Residential FOR SALE


Sturgeon Falls, ON P2B 2H9
$2,099,000 CAD
647-280-4404

NO PHOTO

$2,099,000 CAD
Storefront Retail/Residential - FOR SALE
null | Request Cap Rate

169 Front St
Sturgeon Falls, ON P2B 2H9


OVERVIEW

An iconic investment property is available in the desirable community of Sturgeon Falls located on the TransCanada Highway of West Nipissing. This landmark comes with several income streams including 16 apartments, 3 commercial units, 1 bar, 1 restaurant, 1 banquet hall and 1 drive thru. The well established Gervais Restaurant has been serving up family fare to the community since 1955 and has been operated by the same family for the last 25 years. The restaurant, bar, banquet hall and drive thru will all be available vacant on possession. With an incredible liquor license capacity of 441, the opportunities are endless for growing your business including ample parking that surrounds the property. The restaurant can be converted to a new brand or stay the same. The kitchen is equipped with 3 exhaust hoods with fire suppression, plenty of storage, large walk in fridge and freezers, large dish area and prep area, offices, and everything required to facilitate your restaurant needs. Included in the sale is a single family home, zoned C2, which sits adjacent to this property on a 66x132 foot lot. 16 Apartments, 3 tenanted commercial units, 1 restaurant, 1 bar, 1 banquet hall, 1 drive thru, 1 single family home, 1 storage unit, LLBO = 441, ample parking, pylon signage and so much more.

FOR SALE DETAILS

PRICE

$2,099,000 CAD

PRICE/SF

$114 CAD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1980

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,344 SF

ZONING

C2

APN/PARCEL ID

485202000605600

ASK ABOUT THIS PROPERTY

Jason KleynRoyal LePage Real Estate ServicesMore Info
647-280-4404

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Jason KleynRoyal LePage Real Estate ServicesMore Info
647-280-4404

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.