39
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$2,099,000
Est. payment /mo
28,237 SqFt
Active
169 Front ST West Nipissing, ON P2B 2H9
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UPDATED:
12/05/2024 02:36 PM
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 28,237 sqft
Price per Sqft $74
MLS Listing ID X11824256
Annual Tax Amount $42,834
Tax Year 2024
Property Description
An iconic investment property is available in the desirable community of Sturgeon Falls located on the TransCanada Highway of West Nipissing. This landmark comes with several income streams including 16 apartments, 3 commercial units, 1 bar, 1 restaurant, 1 banquet hall and 1 drive thru. The well established Gervais Restaurant has been serving up family fare to the community since 1955 and has been operated by the same family for the last 25 years. The restaurant, bar, banquet hall and drive thru will all be available vacant on possession. With an incredible liquor license capacity of 441, the opportunities are endless for growing your business including ample parking that surrounds the property. The restaurant can be converted to a new brand or stay the same. The kitchen is equipped with 3 exhaust hoods with fire suppression, plenty of storage, large walk in fridge and freezers, large dish area and prep area, offices, and everything required to facilitate your restaurant needs. Included in the sale is a single family home, zoned C2, which sits adjacent to this property on a 66x132 foot lot.
Location
Province ON
County Nipissing
Area Nipissing
Interior
Cooling Yes
Exterior
Garage Spaces 65.0
Utilities Available Yes
Others
Security Features Yes
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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