Listing Details
Subtype: Restaurant, Storefront Retail/Residential
Year renovated: 2022
Total building size (sq. ft.): 3500
Zoning: NA3
Floors: 2
Sale type: Ideal for both investors and owner-users
Tenancy: Multiple
Total Area: 3,500 sq ft
Financial Details
Net operating income: $63,000
Cap rate: 7.5%
Description
Nearly 3,500 sqft mixed-use building offered via POWER OF SALE. Located on major Highway in Jarvis, ON with heavy traffic and high visibility. Ground floor is home to Haldimand County's longest-standing restaurant. 2,300 sqft open concept space features all brick fireplace. LLBO license allows 75 seats. All furniture & over $100k of restaurant equipment included. Second floor features recently renovated 1,200 sqft 1-bed apartment w/ ensuite laundry. Building exterior recently refurbished w/ stucco finish. Maintenance free metal roof. Entire building vacant. Turnkey restaurant is poised for immediate operation. ~$63,000 Potential NOI equates to a 7.5% cap rates. MOTIVATED SELLER - ALL OFFERS WELCOME
Location & nearby
This listing is located in Jarvis, ON N0A 1J0
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