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    For Sale - 111 Princess Street, Kingston, Ontario

    Est payment $360/mo
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    Views   10
    Time on Jump  281 day

    AI Summary *

    • Established bakery, deli, and restaurant in prime downtown Kingston location since 1963.
    • Spacious 5,092 square feet with comfortable dining and a fully equipped commercial kitchen.
    • Competitive lease rate with discounts available for business purchasers.
    • Dedicated parking spot nearby and seasonal patio access for outdoor dining.
    • Recent updates in 2024, including new HVAC system and equipment enhancements.




    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 anew hvac system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in kingston!
    Listing IDX12368208
    Address111 Princess Street
    CityKingston, Ontario
    Price$74,900
    StyleSale Of Business
    TypeBusiness
    StatusFor Sale

    Subtype Sale Of BusinessBasement 1Heating / Cooling Gas Forced Air OpenSewer Sanitary

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    Listing Agency:  RE/MAX FINEST REALTY INC., BROKERAGE

    * Data is provided courtesy of PROPTX. The information provided herein must only be used by consumers that have a bona fide interest in the purchase, sale, or lease of real estate and may not be used for any commercial purpose or any other purpose. The information is deemed reliable but is not guaranteed accurate by PROPTX.

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    111 Princess Street
    Kingston , Ontario
    $74,900
    Get more info