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    For Sale - 500 Main Street, Powassan, Ontario

    Est payment $4,562/mo
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    Views   4
    Time on Jump  99 day

    AI Summary *

    • Prime 9,000 sq. ft. mixed-use building at a high-traffic intersection.
    • Fully equipped restaurant with potential for increased operating hours and revenue.
    • Two residential apartments for additional rental income opportunities.
    • Recently renovated with modern systems and a new roof for peace of mind.
    • Private parking and outdoor space suitable for expanded dining experiences.




    An exceptional investment and business opportunity in the heart of the growing community of powassan. This prominent 9,000 sq. Ft. (including basement) mixed-use commercial building is ideally situated on a high-visibility corner at one of the town's main intersections, just minutes from highway 11 and a short drive south of north bay, making it a prime destination for both local residents and passing highway traffic. The approximately 3,000 sq. Ft. Main floor restaurant is fully equipped with a 13-foot commercial exhaust hood, a secondary hood dedicated to the pizza ovens, and seating licensed for 98 patrons. Currently operating just four days per week, the business offers tremendous opportunity for increased revenue through expanded hours, menu offerings, catering, or additional services. The second level features two self-contained 2-bedroom, 1-bathroom residential apartments, providing valuable supplemental rental income. One unit has been beautifully renovated, while the second offers the opportunity to complete renovations and further enhance the property's earning potential. The property also offers a full-height basement with two entrances, private on-site parking, a large storage and a patio area with the potential to expand the liquor licence and create an inviting outdoor dining experience. The building has benefited from significant recent capital improvements, including a new roof, extensive renovations, all-new leaseholds, updated systems, equipment throughout, and 200-amp electrical service, providing a truly turnkey opportunity for the next owner. Whether you're an owner-operator looking to build on an established and respected business or an investor seeking a quality mixed-use property with multiple income streams and future upside, this is a rare opportunity in one of northeastern ontario's growing communities.
    Listing IDX13547898
    Address500 Main Street
    CityPowassan, Ontario
    Price$950,000
    StyleCommercial Retail
    Land Size0.2
    TypeIndustrial/Commercial
    StatusFor Sale

    Subtype Commercial RetailCommunity Features Major Highway, Recreation/Community CentreBasement 1Heating / Cooling Gas Forced Air OpenHeating Fuel GasSewer Sanitary+Storm

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    Listing Brokerage: Century 21 Blue Sky Region 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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