2559 Princess Street, Kingston | Image 1

2559 Princess Street

Kingston, North of Taylor-Kidd Blvd

  • Commercial

$229,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Fast Food/Take Out

  • Zoning: C2-24

  • Age: 16-30 years

  • Taxes: 5000

  • MLS®#: X10426803

  • Days on Site: 5 Days

  • Added: Nov 14, 2024 (1 month ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: ROYAL LEPAGE PROALLIANCE REALTY, BROKERAGE

Make money day one! This turnkey, fully operational Indian Takeout/Delivery Restaurant (QSR) is now for sale. The Seller may consider transferring the name and menu to the successful Buyer. This unit is in an excellent high-traffic plaza at the south west corner of Princess St. and Gardiners Road, one of Kingston's busiest intersections, and adjacent to the Cataraqui Mall. There is ample on-site parking. The current lease has a very attractive rental rate and expires mid-2031. There are two optional five-year renewal periods. If the current set-up does not suit the Buyers intended use the space can be easily rebranded for other QSRs such as Chinese, Thai etc. (Note: Pizza take-out and Subway are existing tenants. The high-quality fit-up, completed in 2021, includes a 12 exhaust hood, suppression system, walk-in fridge and freezer, 10 industrial dishwasher, 2 x double sinks, cooking range, oven, wok burner and fryer, as well as all other components of a modern commercial kitchen.

Property

  • Status: Sale

  • Type: Fast Food/Take Out

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Age: 16-30

  • Area: Kingston

  • Community: North of Taylor-Kidd Blvd

  • Availability Date: TBN

Inside

  • Air Conditioning: Y

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • UFFI: No

  • Freestanding: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 9 CON 2 KINGSTON PART 1, 13R2223 , EXCEPT PART 1, 13R4577S

  • Taxes: $5,000

  • Taxes Type: Annual

Land

  • Cross Street: SW Corner of Princes

  • Municipality District: Kingston

  • Parcel Number: 361020208

  • Sewer: Sanitary

  • Lot Depth: 155.6 Feet

  • Lot Frontage: 313.6 Feet

  • Zoning: C2-24

Commercial Specific

  • Number of Employees: 3

  • Retail Area: 1120

  • Retail Area Metric: Sq Ft

  • Total Area: 1120

  • Total Area Metric: Sq Ft

  • Hours Open: 4-10

  • Area Influence: Major Highway

  • Area Influence: Public Transit

  • Days Open: 6

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Unit

  • Business/Building Name: Namaste Fine Indian Cuisine

  • Financial Statement: N

  • LLBO: N

Map of 2559 Princess Street, Kingston
7-8

Module de l'Acadie

Elementary: Public
2.38 km
JK-8

Truedell Public School

Elementary: Public
1.72 km
JK-8

Archbishop O'Sullivan Catholic School

Elementary: Catholic
1.51 km
JK-8

Bayridge Public School

Elementary: Public
2.18 km
JK-8

Cataraqui Woods Elementary School

Elementary: Public
1.32 km
JK-8

St Marguerite Bourgeoys Catholic School

Elementary: Catholic
1.41 km
9-12

École secondaire publique Mille-Iles

Secondary: Public
3.92 km
9-12

École secondaire catholique Marie-Rivier

Secondary: Catholic
3.96 km
9-12

Loyola Community Learning Centre

Secondary: Catholic
3.06 km
9-12

Bayridge Secondary School

Secondary: Public
2.18 km
9-12

Frontenac Secondary School

Secondary: Public
2.38 km
9-12

Holy Cross Catholic Secondary School

Secondary: Catholic
2.29 km
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