72 James Street, Parry Sound | Image 1

72 James Street

Parry Sound

  • Commercial

$2,499,000
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: C1

  • Age: 51-99 years

  • MLS®#: X8049046

  • Days on Site: 60 Days

  • Added: Feb 06, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: ROYAL LEPAGE SIGNATURE REALTY

Excellent opportunity to own a luxurious sports bar/restaurant and an 18-room hotel located In downtown of Parry Sound. The property is 26,242 Sq Ft and approx. 20 parking spots & more in front & back of the Property. The half of the Property is occupied by the sports bar/ restaurant with seating capacity of 300 plus on main foor, 244 seats on 2nd Floor and 50 seats at the patio. Professional kitchen with 12 ft exhaust hood and tons of equipment, 4 washrooms, 2 walk-ins. Another half is hotel with 18 rooms and a master apartment. The owner has owned this property and business for 10 years. The management team and proft are very stable. The annual sales are $1.4 million and the net proft is about $320k with the owner hands-off. The Owner is planning to retire and sell this property and business. This property has a great potential.

Extras

All Existing Chattels. All Business Numbers Are As Per Seller, Listing Broker Has As Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Age: 51-99

  • Area: Parry Sound

  • Availability Date: TBD

Inside

  • Bathrooms: 4

  • Air Conditioning: Y

  • Washrooms: 4

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Freestanding: Y

  • Water Supply: Municipal

  • Volts: 250

  • Amps: 400

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 20

Fees

  • Tax Year: 2023

  • Tax Legal Description: PLAN 2 LOT 9 & PT LOT 10 W/S JAMES ST LOT 9 & PT

  • Taxes Type: T.M.I.

Land

  • Cross Street: Mary St / James St

  • Municipality District: Parry Sound

  • Parcel Number: 493203000

  • Lot Depth: 263.56 Feet

  • Lot Frontage: 132.32 Feet

  • Zoning: C1

Commercial Specific

  • Number of Employees: 15

  • Sprinklers: Y

  • Total Area: 26242.39

  • Total Area Metric: Sq Ft

  • Hours Open: 8-11

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 594

  • Business/Building Name: Brunswick

  • Financial Statement: Y

  • LLBO: Y

Map of 72 James Street, Parry Sound
JK-8

Nobel Public School

Elementary: Public
8.49 km
7-8

Parry Sound Intermediate School School

Elementary: Public
1.07 km
JK-8

St Peter the Apostle School

Elementary: Catholic
1.88 km
JK-8

McDougall Public School

Elementary: Public
5.82 km
JK-8

Humphrey Central Public School

Elementary: Public
18.39 km
JK-6

Parry Sound Public School School

Elementary: Public
1.43 km
9-12

Georgian Bay District Secondary School

Secondary: Public
67.89 km
9-12

North Simcoe Campus

Secondary: Public
69.06 km
9-12

École secondaire Le Caron

Secondary: Public
65.43 km
9-12

Parry Sound High School

Secondary: Public
0.98 km
9-12

Bracebridge and Muskoka Lakes Secondary School

Secondary: Public
63.52 km
9-12

St Theresa's Separate School

Secondary: Catholic
68.57 km