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$ 229,900
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Active
111 Princess ST Kingston, ON K7L 1A8
5,092 SqFt
UPDATED:
02/09/2025 09:26 PM
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 5,092 sqft
Price per Sqft $45
Subdivision Central City East
MLS Listing ID X11918245
Tax Year 2025
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 $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.
Location
Province ON
County Frontenac
Community Central City East
Area Frontenac
Interior
Cooling Yes
Exterior
Utilities Available Yes
Others
Security Features Yes
Listed by RE/MAX FINEST REALTY INC., BROKERAGE
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