$2,099,000
Available - For Sale
Listing ID: X11824256
169 Front St , West Nipissing, P2B 2H9, Ontario
| 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. |
| Extras: * 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 * |
| Price | $2,099,000 |
| Taxes: | $42834.20 |
| Tax Type: | Annual |
| Occupancy by: | Own+Ten |
| Address: | 169 Front St , West Nipissing, P2B 2H9, Ontario |
| Postal Code: | P2B 2H9 |
| Province/State: | Ontario |
| Lot Size: | 264.01 x 195.50 (Feet) |
| Directions/Cross Streets: | FRONT ST & MICHAUD ST |
| Category: | Multi-Use |
| Building Percentage: | Y |
| Total Area: | 28237.00 |
| Total Area Code: | Sq Ft |
| Retail Area: | 50 |
| Retail Area Code: | % |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Seats: | 441 |
| LLBO: | Y |
| Sprinklers: | Y |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Water: | Municipal |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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Arthur Sercan & Jenny Spanos
Sales Representative
Dir:
416-723-4688
Bus:
416-445-8855
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Nipissing |
| Municipality: | West Nipissing |
| Lot Size: | 264.01 x 195.50(Feet) |
| Tax: | $42,834.2 |
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