1287 Madison Street, Severn | Image 1

1287 Madison Street

Severn, Rural Severn

  • Commercial

$274,900
For Sale

Added 9 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: MHR

  • Age: No Data

  • MLS®#: S8040598

  • Days on Site: 62 Days

  • Added: Feb 02, 2024 (9 months ago)

  • Updated:

  • Last Checked: 7 hours ago

  • Listed By: RE/MAX RIGHT MOVE

An excellent opportunity awaits to own and operate your very own restaurant! This thriving restaurant, located near Orillia in Silver Creek Estates, is seeking new ownership as the current owner plans to retire. The sale includes the building, chattels, fixtures, and restaurant equipment. The restaurant can accommodate seating for both indoor and outdoor dining, with 20 seats available outside and a capacity of 28 inside, licensed by the LCBO (for 28 inside and 12 Outside). The land lease fee includes water & Sewer and property taxes. The property has undergone several upgrades and improvements over the years, including a metal roof, electrical enhancements, furnace upgrades, A/C improvements, and more!

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Severn

  • Community: Rural Severn

Inside

  • Bathrooms: 2

  • Air Conditioning: Y

  • Washrooms: 2

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Water Supply Type: Comm Well

  • Freestanding: Y

  • Water Supply: Other

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: N/A

  • Taxes Type: Annual

Land

  • Cross Street: Madison & Division

  • Municipality District: Severn

  • Parcel Number: 000000000

  • Zoning: MHR

Commercial Specific

  • Number of Employees: 2

  • Total Area: 1321

  • Total Area Metric: Sq Ft

  • Hours Open: 9 Am -

  • Days Open: 5

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Seats: 40

  • Financial Statement: N

  • LLBO: Y

Map of 1287 Madison Street, Severn
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