Landmark in Sturgeon Falls located on the TransCanada Highway! This family-run business has been in operation for over 25 years and originally began in 1955. This building has many well-established businesses including The Tavern, Gervais Restaurant specializing in Chinese food, Canadian cuisine, and a Country Style Franchise. The restaurant has been very well maintained and features an up-to-date full-service kitchen, dining room, fast food section, take-out, and coffee shop. The guaranteed income is generated by the 16 residential units as well as the 2 main level commercial tenants which provides steady and reliable revenue. This property covers over half a City Block and has tons of parking on-site which provides the opportunity for future growth and expansion and has entrances on 2 side streets, namely Carrie Street and Michaud Street as well as Front Street (Hwy 17). Included in the Listing Price is 231 Carrie Street - a single-family home, zoned C2, sitting on a 66x132 municipal lot. This is an outstanding opportunity for a developer, owner-operator, franchise developer... The options are endless! The vendor may consider a VTB with significant down payment. The Seller may consider leasing the restaurant, dining room, bar and Country Style, total sqFT is 11,600, call for details if this might be of interest. This commercial endeavour is being offered for sale at $2,450,999. (id:50156)
| MLS® Number | 40426768 |
| Property Type | Office |
| Amenities Near By | Hospital, Schools, Shopping |
| Community Features | High Traffic Area, Community Centre |
| Features | Southern Exposure, Corner Site, Visual Exposure, Paved Driveway |
| Sign Type | Unknown, Pylon, Signband |
| Basement Development | Unfinished |
| Basement Type | Partial (unfinished) |
| Constructed Date | 1968 |
| Construction Material | Concrete Block, Concrete Walls, Wood Frame |
| Construction Style Attachment | Detached |
| Cooling Type | Ductless |
| Exterior Finish | Brick, Concrete, Stucco, Wood |
| Fire Protection | Smoke Detectors, Security System |
| Fixture | Ceiling Fans |
| Flooring Type | Carpeted, Ceramic, Concrete, Laminate, Linoleum |
| Foundation Type | Block |
| Heating Fuel | Electric, Natural Gas |
| Heating Type | Baseboard Heaters, Forced Air |
| Stories Total | 2 |
| Size Exterior | 28237.0000 |
| Utility Water | Municipal Water |
| Access Type | Road Access, Highway Access, Highway Nearby |
| Acreage | Yes |
| Land Amenities | Hospital, Schools, Shopping |
| Landscape Features | Landscaped |
| Sewer | Municipal Sewage System |
| Size Depth | 196 Ft |
| Size Frontage | 264 Ft |
| Size Irregular | 1.2 |
| Size Total | 1.2 Ac|1/2 - 1.99 Acres |
| Size Total Text | 1.2 Ac|1/2 - 1.99 Acres |
| Zoning Description | C2 |
| Cable | Available |
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/25655630/169-front-street-sturgeon-falls
Contact us for more information
Michael Page
Broker of Record
(705) 753-1155
(705) 753-5218
www.pageandassociatesrealty.com
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