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Power Of Sale: Turn Key Restaurant W/ 2nd Floor Apartment

$849,900

For Sale: , in

Power of Sale: Turn Key Restaurant w/ 2nd Floor Apartment

Anthony Spano

Realtor

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

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

2091 Main St N, Jarvis, ON, Canada

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Anthony Spano

Realtor

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