4327 Highway 7, Asphodel-Norwood | Image 1

4327 Highway 7

Asphodel-Norwood, Norwood

  • Commercial

$749,000
For Sale

Added 4 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: C

  • Age: 31-50 years

  • Taxes: 5589

  • MLS®#: X9052990

  • Days on Site: 1 Days

  • Added: Jul 23, 2024 (4 months ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: HOMELIFE TODAY REALTY LTD.

Excellent chance for the well-known "Jacks" family restaurant, which is situated on main Highway 7 in Norwood. With several upgrades, including a recently constructed patio, the building and land exhibit a strong sense of pride of ownership. The Ouse River flows at the rear of the property. This well-designed 3000 square foot restaurant has 30 seats outside on the deck, 68 licensed seats inside, and a paved parking area for 30 automobiles. This restaurant with an LLBO license that serves breakfast, lunch, and dinner has strong sales. Land, a building, a business, and its equipment are included in this acquisition.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Age: 31-50

  • Area: Asphodel-Norwood

  • Community: Norwood

  • Availability Date: Flexible

Inside

  • Bathrooms: 2

  • Air Conditioning: Y

  • Washrooms: 2

Utilities

  • Utilities: Available

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Elevator: None

  • Energy Certificate: N

  • Green Verification Status: N

  • Water Supply Type: Comm Well

  • Freestanding: Y

  • Outside Storage: Y

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 30

  • Trailer Parking Spots: 1

Fees

  • Tax Year: 2023

  • Tax Legal Description: PT LT L PL 6 NORWOOD; PT MILL RESERVE PL 6 NORWOOD

  • Taxes: $5,589

  • Expenses: Est

  • Taxes Type: Annual

  • Tax Year: 2023

Land

  • Cross Street: HWY 7 & Mill St

  • Municipality District: Asphodel-Norwood

  • Parcel Number: 282190093

  • Sewer: Sanitary

  • Lot Depth: 75.75 Feet

  • Lot Frontage: 302.47 Feet

  • Lot Irregularities: 102.49x15.39x97.23x19

  • Zoning: C

Shipping Doors

  • Clearing Height (ft): 10

Commercial Specific

  • Number of Employees: 8

  • Rail: A

  • Retail Area: 90

  • Retail Area Metric: %

  • Sprinklers: Y

  • Total Area: 3000

  • Total Area Metric: Sq Ft

  • Hours Open: 12

  • Industrial Area Metric: %

  • Office Size: 10

  • Office Size Metric: %

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Seats: 68

  • Soil Test: N

  • Business/Building Name: Jack's Family Restaurant

  • Financial Statement: Y

  • Gross Income/Sales: 980360

  • LLBO: Y

Map of 4327 Highway 7, Asphodel-Norwood
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4294 Highway 7, Asphodel-Norwood | MLS: X10431856
For Sale
1 month ago
$749,900
  • 0 bath
  • 0 bed

4294 Highway 7, Asphodel-Norwood, Ontario • K0L 2V0 • Norwood