111 Princess Street Kingston, Ontario K7L 1A8
$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:47351)
Property Details
| MLS® Number | X12110991 |
| Property Type | Retail |
| Neigbourhood | Sydenham |
| 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 |
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April 29 2025 08:20:34
Kingston & Area Real Estate Association
RE/MAX Finest Realty Inc., Brokerage