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$240,000
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Added 13 days ago

288 King St S, Highgate, ON

Real Estate

For Sale

$X
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Added 13 days ago

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  • Key Facts
  • Description
  • Map

Key Facts

Type 
Levels Commercial Sale
Size 1905 sqft
Garage No
HOA Fees 
Taxes $2,272
Days Active 13
Approx. Age 
Avg. Price Per Sqft $125
MLS® Number X12263327

Property Address: 288 King St S, Highgate, Ontario

Average square foot calculated using Size range provided by listing agent.

Description

This is your chance to own a well established, strong income generating business and commercial property in the heart of Highgate, Ontario. This 1, 905 square foot, one-floor building is home to a busy variety store and a popular restaurant, both well known throughout the community and surrounding areas. The business grosses over $250, 000 annually, with strong local support and a loyal customer base that includes residents of Ridgetown, Muirkirk, Duart, throughout Chatham-Kent County and many travelers who stop off the 401.The restaurant currently operates for breakfast and lunch only, leaving significant potential for growth by expanding hours or offerings. The variety store and restaurant together serve between 1, 000 and 1, 500 unique customers, most of whom return regularly. This has made the location a well known and popular gathering place not just for Highgate, but for a broader regional population.The building itself is well laid out and offers plenty of storage, a spacious kitchen, two bathrooms, and a large checkout counter. Included in the sale are major appliances and equipment essential for running the business, including a Garland grill, a U.S. Range convection oven, a gas range, Berkel food slicer, ice cream cooler, coffee maker, three chest freezers, a stand-up freezer, two True double-door coolers, a single-door cooler, and branded Pepsi, Coke, and ice coolers, not owned, but supplied free by vendors. There is a BMO Automated Banking Machine that draws traffic, though it is not owned. It is the same type of machine located at banks that does everything, and it generates a monthly income as well in rental space. The lottery license can be transferred within two to three weeks, and alcohol licenses are now transferable, offering additional revenue streams. This is a turnkey opportunity ideal for a family business or an entrepreneur seeking stable income with room to grow. Don't miss out on this rare offering with high-potential for even more growth. (id:58753)Show Description
MLS® NumberX12263327
Locker
Ensuite LaundryNo
Balcony
Furnished
Laundry Level
Exposure
Exterior
GarageNo
Approx. Age
Stories
Pets
Corp Number

Included in Maintenance Fee

Heat
Hydro
Water
Building Insurance
Condo Taxes
Cable TV
Central Air
Parking Maintenance

Utilities

HeatForced air, Natural gas
A/CFully air conditioned
Heating Fuel

Extras

288 King St S, Highgate, ON

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