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$599,000
Available - For Sale
Listing ID: X9394066
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 Hight 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
Occupancy by: Own+Ten
Address: 236-232 MAIN St , Southwest Middlesex, N0L 1M0, Ontario
Postal Code: N0L 1M0
Province/State: Ontario
Legal Description: 236 MAIN STREET GLENCOE: PLAN 159 BLK C
Lot Size: 43 x 100.58 (Feet)
Directions/Cross Streets: NEAR MCKELLAR ST.
Zoning: C-1
Category: With Property
Use: Restaurant
Building Percentage: Y
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: Y
Chattels: Y
Franchise: N
Days Open: 7
Hours Open: 7am - 8
Employees #: 8
Seats: 262
LLBO: Y
Taxes Expense: $4821
Insurance Expense: $7958
 Heat Expenses: $7449
 Hydro Expense:  $13336
Water Expense: $2549
Other Expenses: $333993
Gross Income/Sales: $431446
Expenses Actual/Estimated: $Act
Sprinklers: N
Rail: A
Crane: N
Soil Test: N
Heat Type: Gas Forced Air Open
Central Air Conditioning: Y
Elevator Lift: None
Sewers: Sanitary
Water: Municipal
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ROYAL LEPAGE TRILAND REALTY

236-232 MAIN St , Southwest Middlesex, N0L 1M0, Ontario


 
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Type: Com - Sale Of Business
Area: Middlesex
Municipality: Southwest Middlesex
Neighbourhood: Glencoe
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Lot Size: 43.00 x 100.58(Feet)
Approximate Age: 100+
Tax: $4,929
Maintenance Fee: $0
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