$485,000 FOR SALE

Business for Sale

Business

55 Meredith Street
Gore Bay, Manitoulin Island, ON P0P 1H0

Tucked in the charming town of Gore Bay on the west end of Manitoulin Island, this prime mixed-use building offers an exceptional investment opportunity. The property features three well-maintained residential apartments, providing steady rental income. Additionally, the building houses a well-established restaurant, renowned for its loyal customer base and vibrant community presence. The restaurant space is thoughtfully designed with ample seating, a fully equipped kitchen, and inviting ambiance, perfect for attracting both locals and tourists. Whether you’re an aspiring restaurateur or a seasoned business owner, this property provides the perfect platform to run a successful restaurant. The basement offers additional rental space with its own front door entrance, ideal for a small business, office, or retail shop. This flexible space can be tailored to suit various tenant needs, enhancing the property’s income potential. Located in a picturesque setting, the building enjoys high visibility and foot traffic, making it an attractive destination for residents and visitors alike. Gore Bay’s scenic beauty, combined with its strong sense of community, ensures a consistent demand for both residential and commercial spaces. This property is a fantastic income generator with multiple revenue streams and significant potential for growth. Don’t miss out on this unique opportunity to invest in a thriving community and run a profitable restaurant business. (id:47423)

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Listed By ROYAL LEPAGE NORTH HERITAGE REALTY, Brokerage (MINDEMOYA)
Data Provided By Sudbury Real Estate Board
MLS® Listing Number 2117080
Last Updated Jun 05, 2024
Property Summary
Property Type Business For Sale

More like this:
Use Business
Franchise Non-Franchise
Price History
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Detailed Information
Equipment Propane Tank
Ownership Type Freehold
Property Type Business
Rental Equipment Propane Tank
Road Paved road
Storage Storage in Basement
Transaction Type For sale
Zoning Description C1
Business
Business Type Retail and Wholesale
Business Subtype Business
Building
Amenities Balconies, Storefront, Street Lighting
Exterior Finish Vinyl
Fire Protection Smoke Detectors
Flooring Type Laminate, Tile, Vinyl
Foundation Type Block
Heating Type Baseboard heaters
Roof Material Asphalt
Roof Style Unknown
Type Residential Commercial Mix
Utility Water Municipal water
Land
Total Size under 1/2 acre
Access Type Year-round access
Fence Type Not fenced
Sewer Municipal sewage system

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