298 Princess Street, Kingston | Image 1

298 Princess Street

Kingston

  • Commercial

$428,000
For Sale

Added 1 month ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: Commercial

  • Age: No Data

  • MLS®#: X8170792

  • Days on Site: 16 Days

  • Added: Mar 22, 2024 (1 month ago)

  • Updated:

  • Last Checked: 3 hours ago

  • Listed By: RE/MAX ULTIMATE REALTY INC.

King of Kingston & one of the sunniest, largest patios on Princess St! Bring your entrepreneurial spirit to this well established and well reviewed corner location in the absolute heart of downtown Kingston!Nearly 2,500 sqft with roll up garage-style windows opening it up completely to enjoy the summer months and full of student traffic for the remainder of the year. LLBO of 114 + patio. Current lease expiry July 2031 + 2x 5yr renewals (to 2041). Net rent $4,678.58 + TMI/CAM $2,2504. Includes 4 dedicated parking spots for management/staff/delivery. ONLY BEING SOLD AS A WORKS FRANCHISE LOCATION AND CAN'T BE CONVERTED.

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Kingston

  • Availability Date: TBA

Inside

  • Bathrooms: 4

  • Air Conditioning: Y

  • Washrooms: 4

Utilities

  • Utilities: Available

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Energy Certificate: N

  • Freestanding: N

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: Reserved/Assignd

  • Covered Parking Spaces: 4

Fees

  • Tax Year: 2023

  • Taxes Type: T.M.I.

Land

  • Cross Street: Clergy St E

  • Municipality District: Kingston

  • Parcel Number: 360430016

  • Sewer: San+Storm

  • Zoning: Commercial

Commercial Specific

  • Rail: N

  • Sprinklers: Y

  • Total Area: 2441

  • Total Area Metric: Sq Ft

  • Hours Open: 11:30-9

  • Area Influence: Public Transit

  • Area Influence: Rec Centre

  • Days Open: 7

  • Franchise: Y

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Building

  • Survey: N

  • Seats: 114

  • Soil Test: N

  • Business/Building Name: The Works Craft Burgers & Beer

  • Financial Statement: Y

  • LLBO: Y

Map of 298 Princess Street, Kingston
JK-8

St Patrick Catholic School

Elementary: Catholic
0.93 km
JK-8

Sydenham Public School

Elementary: Public
0.45 km
JK-8

Central Public School

Elementary: Public
0.29 km
7-8

Module Vanier

Elementary: Public
0.79 km
JK-8

Winston Churchill Public School

Elementary: Public
1.27 km
JK-8

Cathedrale Catholic School

Elementary: Catholic
0.19 km
9-12

Limestone School of Community Education

Secondary: Public
2.65 km
9-12

Frontenac Learning Centre

Secondary: Public
2.60 km
9-12

Loyalist Collegiate and Vocational Institute

Secondary: Public
2.59 km
9-12

La Salle Secondary School

Secondary: Public
3.33 km
9-12

Kingston Collegiate and Vocational Institute

Secondary: Public
0.80 km
9-12

Regiopolis/Notre-Dame Catholic High School

Secondary: Catholic
1.27 km
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