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$599,000
Available - For Sale
Listing ID: X11941082
The Palace restaurant has been a cherished dining destination in Glencoe for many years, offering great food in a vibrant small-town setting. With seating for 150 guests, the restaurant is fully wheelchair accessible and features a large commercial kitchen, making it ideal for hosting a variety of events. The establishment includes two sets of restrooms for patrons' convenience.Above the restaurant, two spacious apartments with two bedrooms and a 3-piece bath each provide additional income potential or accommodation for staff. The restaurant also benefits from ample parking available in a municipal lot located behind the building, along with a convenient rear entrance. Glencoe is well-connected, serviced by Via Rail from Windsor to Toronto, and is just 10 minutes away from Four Counties Health Services and emergency care. The town boasts a range of educational institutions including Glencoe District High School, Ekcoe Central Public School, and St Charles Catholic School, making it an appealing location for families.Local amenities further enhance the community's appeal, featuring popular dining options like the McKellar Hotel, Subway, Pizza Picasso, and Tim Hortons, along with grocery stores No Frills and Foodland. Residents enjoy recreational facilities, including an arena and accounting services, and pharmacies.These features collectively make Glencoe an attractive location for both business investors and families seeking a close-knit, community-oriented lifestyle. The Palace Restaurant stands as a cornerstone of the welcoming town, providing delicious meals and a vibrant atmosphere for all.
Price $599,000
Taxes: $4,929
Tax Type: Annual
Assessment: $219000
Assessment Year: 2024
Occupancy by: Owner+T
Address: 236-232 MAIN Street , Southwest Middlesex, N0L 1M0, Middlesex
Postal Code: N0L 1M0
Province/State: Middlesex
Legal Description: 236 MAIN STREET GLENCOE: PLAN 159 BLK C
Lot Size: 43 x 100.58 (Feet)
Directions/Cross Streets: GLENDON RD FROM LONDON TO MAIN ST GLENCOE, GO SOUTH TO THE LISTING
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Category: Multi-Use
Use: Service Related
Building Percentage: T
Total Area: 5,441
Total Area Code:  Sq Ft Divisible
Office/Appartment Area: 800
Office/Appartment Area Code: Sq Ft
Retail Area: 4641
Retail Area Code: Sq Ft
Approximatly Age: 100+
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Hours Open: 7am-8pm
Employees #: 8
Seats: 150
LLBO: Y
Taxes Expense: $4929
Insurance Expense: $7958
Maintenance: 0
 Heat Expenses: $7449
 Hydro Expense:  $13336
Water Expense: $2549
Other Expenses: $333993
Gross Income/Sales: $431446
Expenses Actual/Estimated: $Act
Sprinklers: No
Rail: A
Crane: F
Soil Test: No
Clear Height Feet: 7
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
Sewers: Sanitary
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ROYAL LEPAGE TRILAND REALTY

236-232 MAIN Street , Southwest Middlesex, N0L 1M0, Middlesex


 
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Type: Com - Commercial Retail
Area: Middlesex
Municipality: Southwest Middlesex
Neighbourhood: Glencoe
Style:
Lot Size: 43.00 x 100.58(Feet)
Approximate Age: 100+
Tax: $4,929
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
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