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

5092 sqft
Fully Air Conditioned Other

$99,900

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 $17.50 per square foot ($2.50 PSF discount for 5 year from regular 20.00 PSF given to purchaser of existing business) , 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 anew HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston! (id:48744)

Business

BusinessType Restaurant
BusinessSubType Restaurant/pub

Property Details

MLS® Number X12368208
Property Type Business
Community Name 14 - Central City East

Building

Age 100+ Years
CoolingType Fully Air Conditioned
HeatingFuel Natural Gas
HeatingType Other
SizeInterior 5092 Sqft
UtilityWater Municipal Water

Land

Acreage No
Sewer Sanitary Sewer
ZoningDescription Dt-1 - Commercial

https://www.realtor.ca/real-estate/28785635/111-princess-street-kingston-central-city-east-14-central-city-east

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