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!
Address
111 Princess Street
List Price
$99,900
MLS® Status
New
Expiration Date
2025-12-19
Property Type
Commercial
Type of Dwelling
Sale Of Business
Transaction Type
For Sale
Area
Kingston
Sub-Area
14 - Central City East
Region
Frontenac
Lot Type
Lot
Lot Size Units
Feet
Total Building Area
5092
Occupant Type
Owner
Cross Street
PRINCESS AND WELLINGTON
Approx. Age
100+ Years
MLS® Number
X12368208
Listing Brokerage
RE/MAX FINEST REALTY INC., BROKERAGE
Basement
Yes
Postal Code
K7L 1A8
Posession Details
TBD
Tax Year
2024
Standard Status
Active
Board Or Association
Kingston & Area Real Estate Association
Heat Type
Gas Forced Air Open
Cooling Features
Yes
Garage Type
None
Tax Legal Description
BUSINESS ONLY
Security Features
Yes
Sewer
Sanitary