111 Princess Street, Kingston | Image 1

111 Princess Street

Kingston, Central City East

  • Commercial

$229,900
For Sale

Added 3 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: DT-1 - COMMERCIA

  • Age: 100+ years

  • MLS®#: X11918245

  • Days on Site: 1 Days

  • Added: Jan 09, 2025 (3 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: RE/MAX FINEST REALTY INC., BROKERAGE

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 $12.50 per square foot, 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!

Extras

Please see document section for deposit information. Schedule B to be included with all offers.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Age: 100+

  • Area: Kingston

  • Community: Central City East

  • Availability Date: tbd

Inside

  • Air Conditioning: Y

Utilities

  • Utilities: Yes

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Open

  • Freestanding: Y

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2025

  • Tax Legal Description: BUSINESS ONLY

  • Taxes Type: N/A

Land

  • Cross Street: PRINCESS NEAR WELLIN

  • Municipality District: Kingston

  • Zoning: DT-1 - COMMERCIA

Commercial Specific

  • Retail Area: 2546

  • Retail Area Metric: Sq Ft

  • Sprinklers: Y

  • Total Area: 5092

  • Total Area Metric: Sq Ft

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 50

  • Financial Statement: Y

  • LLBO: N

Map of 111 Princess Street, Kingston
JK-8

St Patrick Catholic School

Elementary: Catholic
1.16 km
JK-8

Sydenham Public School

Elementary: Public
0.68 km
JK-8

Central Public School

Elementary: Public
0.37 km
7-8

Module Vanier

Elementary: Public
1.22 km
JK-8

Winston Churchill Public School

Elementary: Public
1.72 km
JK-8

Cathedrale Catholic School

Elementary: Catholic
0.65 km
9-12

Limestone School of Community Education

Secondary: Public
3.13 km
9-12

Frontenac Learning Centre

Secondary: Public
2.90 km
9-12

Loyalist Collegiate and Vocational Institute

Secondary: Public
3.07 km
9-12

La Salle Secondary School

Secondary: Public
3.06 km
9-12

Kingston Collegiate and Vocational Institute

Secondary: Public
1.23 km
9-12

Regiopolis/Notre-Dame Catholic High School

Secondary: Catholic
1.55 km
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