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111 Princess Street Kingston, Ontario K7L 1A8

5,092 ft2
Fully Air Conditioned Other

$20 / ft2

This is a fantastic opportunity to own a fully established bakery, deli, and restaurant in a premier downtown Kingston location in operation since 1963. The asking price is all equipment, goodwill and contacts - The property spans two levels, with 2,546 square feet on the main floor dedicated to a service area with comfortable dining, plus an additional 2,546 square feet on the lower level, featuring a commercial kitchen that is fully outfitted with high quality equipment and includes rear door access. The entire 5,092 square feet is available at a competitive net lease rate of $17.50 per square foot ($2.50 PSF discount for 5 year from regular 20.00 PSF given to purchaser of existing business) , with an additional $7.50 per square foot in operating costs (TMI). Also available is the dedicated parking spot in the adjacent municipal lot for just $156 per month and access to a seasonal patio leased from the city. A detailed list provided of income, expenses, catering clients, suppliers and equipment details is available to serious buyers. Significant updates have been made in 2024, including a new HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston! (id:47482)

Property Details

MLS® Number X12110991
Property Type Retail
Community Name 14 - Central City East
Amenities Near By Public Transit

Building

Age 100+ Years
Cooling Type Fully Air Conditioned
Heating Fuel Natural Gas
Heating Type Other
Size Interior 5,092 Ft2
Utility Water Municipal Water

Land

Acreage No
Land Amenities Public Transit
Sewer Sanitary Sewer
Size Depth 136 Ft
Size Frontage 21 Ft
Size Irregular 21 X 136 Ft
Size Total Text 21 X 136 Ft
Zoning Description Dt1 - Commercial

https://www.realtor.ca/real-estate/28231157/111-princess-street-kingston-central-city-east-14-central-city-east

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RE/MAX Finest Realty Inc., Brokerage
104-27 Princess St
Kingston, Ontario K7L 1A3

(613) 544-3325
remaxfinestrealty.com/

RE/MAX Finest Realty Inc., Brokerage
104-27 Princess St
Kingston, Ontario K7L 1A3

(613) 544-3325
remaxfinestrealty.com/

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