$229,900 FOR SALE

Business for Sale

Restaurant/Pub

111 Princess Street
Kingston (Central City East), ON K7L 1A8

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. (id:47423)

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Listed By RE/MAX FINEST REALTY INC., Brokerage
Data Provided By Kingston & Area Real Estate Association
MLS® Listing Number X11918245
Last Updated Feb 07, 2025
Property Summary
Property Type Business For Sale

More like this:
Use Restaurant/Pub
Franchise Non-Franchise
Community Central City East
Price History
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Detailed Information
Listing Contract Date 2025-01-09
Location Description PRINCESS NEAR WELLINGTON
Property Type Business
Transaction Type For sale
Zoning Description DT-1 - COMMERCIAL
Business
Business Type Restaurant
Business Subtype Restaurant/pub
Building
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Other
Utility Water Municipal water

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