573 King Street North, Waterloo | Image 1

573 King Street North

Waterloo

  • Commercial

$199,000
For Sale

Added 2 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Cafe

  • Zoning: Business Commerc

  • Age: No Data

  • MLS®#: X9348146

  • Added: Sep 13, 2024 (2 months ago)

  • Updated:

  • Last Checked: 8 hours ago

  • Listed By: ROYAL LEPAGE SIGNATURE REALTY

This little shop located at Waterloo called Coffee of the World is a very famous spot that serves coffee, K-cups, or any types of coffee and also does catering services. Located in an area with lots of exposure, near the intersection of King St N and Northfield Dr W.This 2,700 sq ft unit is equipped with a 5 ft hood, 1 walk-in fridge, 2 washrooms, and tons of parking outside. The unit has a seating capacity for 30 people.

Extras

The place started in 2014 and is already on it's 9th year. Gross lease rate of $8,584 with a 10-yearlease that can discussed. Just in 2022, sales are at $392,611. Ownership structure is 100%. The neighbourhood tenants also has LCBO, Scotia

Property

  • Status: Sale

  • Type: Cafe

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: Waterloo

  • Availability Date: TBD

Inside

  • Bathrooms: 2

  • Air Conditioning: Y

  • Washrooms: 2

Building

  • Basement: N

  • Heat Type: Gas Forced Air Closd

  • Freestanding: N

  • Outside Storage: N

  • Water Supply: Municipal

  • Physically Handicapped-Equipped: Y

  • Volts: 200

  • Amps: 600

Parking

  • Garage Type: Plaza

Fees

  • Tax Year: 2023

  • Tax Legal Description: LT 1-2, 6-7 PL 813 CITY OF WATERLOO; PT LT 3-5 PL

  • Taxes Type: T.M.I.

Land

  • Cross Street: King St N & Northfie

  • Municipality District: Waterloo

  • Parcel Number: 222800144

  • Sewer: San+Storm

  • Lot Frontage: 259.26 Feet

  • Zoning: Business Commerc

Commercial Specific

  • Number of Employees: 2

  • Rail: N

  • Retail Area: 2700

  • Retail Area Metric: Sq Ft

  • Total Area: 2700

  • Total Area Metric: Sq Ft

  • Hours Open: 8-6:30

  • Days Open: 7

  • Franchise: Y

  • Tangible Property Included: Y

  • Crane: N

  • Lot Code: Lot

  • Survey: N

  • Seats: 30

  • Soil Test: N

  • Business/Building Name: Coffee Of The World

  • Financial Statement: N

  • LLBO: N

Map of 573 King Street North, Waterloo
JK-3

KidsAbility School

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1.32 km
JK-6

Winston Churchill Public School

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1.68 km
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Cedarbrae Public School

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2.00 km
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N A MacEachern Public School

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Lester B Pearson PS Public School

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St David Catholic Secondary School

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Sir John A Macdonald Secondary School

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5.83 km
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