Listing Details
Subtype: Restaurant
Total building size (sq. ft.): 4677
Typical floor size (sq. ft.): 3000
Zoning: C1
Floors: 3
Sale type: Ideal for both investors and owner-users
Tenancy: Single
Lot Size: 0.085 Acres
Clear Height: 8 ft.
Financial Details
Net operating income: $56,400
Percent leased: 50%
Cap rate: 7.5%
Description
Prime Downtown Tillsonburg Investment opportunity to own an established commercial building on the main street Broadway. Busy restaurant with 2 bedroom rental unit on 2nd floor. Increase your monthly income with the option to add a tenant upstairs as the unit will be vacant on close. Perfect for the Owner-Occupier, this work-live property is ready to go. The restaurant features 3093sf of space including a dining area, 2 kitchen workspaces, 2 offices, 2 washrooms, and plenty of storage. The charming 2nd floor boasts a large living room, kitchen and island, laundry/storage, full bath, 2 bedrooms, with 9ft + soaring ceilings. Separate HVAC systems, each with separate controls, and water heaters. 2 x Furnaces and 2 x Hot water heaters are owned. Separately metered for electricity and gas. The massive full basement runs the length of the building and is ready for future development. Book your showing today! The business is also for sale on MLS#40561194 Restaurant chattels & equipment are not included. The business is also for sale MLS #40561194
Available Units and Spaces
Location & nearby
This listing is located in Tillsonburg, ON N4G 3P8
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