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$99,900
Available - For Sale
Listing ID: X11972157
Presenting a unique opportunity to acquire a well-established and fully equipped restaurant located in a prime leased space in downtown Kingston, positioned at a strategic corner. The premises encompass a total of 9,800 square feet, which includes a ground floor area of 4,905square feet, a basement of 3,775 square feet, and a mezzanine of 1,120 square feet. The property is secured by a long-term lease agreement, including 10 parking spots at the back, with additional rental costs covering realty taxes, common area maintenance (CAM), and landlord insurance. Base rent ($13,400.91)& additional rent, together is $18,454/month. The restaurant boasts excellent visibility with prominent signage on the premises. Please note that financials are not currently available.
Price $99,900
Taxes: $43,149
Tax Type: Annual
Assessment Year: 2024
Occupancy by: Tenant
Address: 371 Princess Stre North , Kingston, K7L 1B9, Frontenac
Postal Code: K7L 1B9
Province/State: Frontenac
Legal Description: Business for sale in lease premises, ope
Lot Size: 65.52 x 131.44 (Feet)
Directions/Cross Streets: Downtown Kingston, North of Princess and west side of Barrie Street
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Category: Without Property
Use: Restaurant
Building Percentage: F
Total Area: 9,800
Total Area Code:  Square Feet
Office/Appartment Area Code: Sq Ft
Retail Area: 4905
Retail Area Code: Sq Ft
Approximatly Age: 0-5
Financial Statement: F
Chattels: T
Franchise: F
Days Open: O
Hours Open: 3-11
Employees #: 5
Seats: 140
LLBO: Y
Maintenance: 0
Sprinklers: Yes
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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Last Name: *
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
RE/MAX FINEST REALTY INC., BROKERAGE

371 Princess Stre North , Kingston, K7L 1B9, Frontenac


 
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At a Glance:
Type: Com - Sale Of Business
Area: Frontenac
Municipality: Kingston
Neighbourhood: 22 - East of Sir John A. Blvd
Style:
Lot Size: 65.52 x 131.44(Feet)
Approximate Age: 0-5
Tax: $43,149
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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