NewFor Lease

111 PRINCESS Street
Kingston, Frontenac, ON, K7L 1A8

Commercial Retail
TRREB
MLS® Number: X12366341
$20/square feet (net)Lease Price
Commercial RetailProperty Type
5,092 sq ftSize
$7.5 / 2024Taxes (TMI)
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Property Location

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Listing History

Buy/sell history for 111 PRINCESS Street, Kingston, ON K7L 1A8

0 Transactions by CPRB Agents

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Description

Here is a fantastic opportunity to own a fully established bakery, deli, and restaurant in a premier downtown Kingston location in operation since 1963. The asking price is all equipment, goodwill and contacts. The property spans two levels, with 2,546 square feet on the main floor dedicated to a service area with comfortable dining, plus an additional 2,546 square feet on the lower level, featuring a commercial kitchen that is fully outfitted with high quality equipment and includes rear door access. The entire 5,092 square feet is available at a competitive net lease rate of $12.50 per square foot, with an additional $7.50 per square foot in operating costs (TMI). Also available is the dedicated parking spot in the adjacent municipal lot for just $156 per month and access to a seasonal patio leased from the city. A detailed list provided of income, expenses, catering clients, suppliers and equipment details is available to serious buyers. Significant updates. This is a fantastic opportunity to lease a fully established bakery, deli, and restaurant in a premier downtown Kingston location. The property spans two levels, with 2,546 square feet on the main floor dedicated to counters and a comfortable dining area, and an additional 2,546 square feet on the lower floor, featuring a commercial kitchen that is fully outfitted and includes rear door access. The entire 5,092square feet is available at a competitive net lease rate of $12.50 per square foot, with an additional $7.50 per square foot in operating costs. Also available dedicated parking spot in the nearby municipal lot for just $156 per month and access to a seasonal patio leased from the city. Restaurant equipment are not on the lease, but is available for sale to the tenant, with a detailed list provided upon request. Significant updates have been made in 2024, including a new HVAC system, freezer compressor, and evaporator coil. Seize this turnkey opportunity in one of the most desirable spots in Kingston!

Features

No features available

Amenities

No amenities available

Summary

Tax (TMI):$7.5 / 2024
Listing #:X12366341
Property Type:Commercial Retail
Building Age:100+
Size:5,092 sq ft
Land Size:21 x 136
Days on CPRB:
Garage:Other
Locker:None
On CPRB Since:
Listing Brokerage:RE/MAX FINEST REALTY INC., BROKERAGE

Rooms

Details

Property

Property Type:Commercial Retail
Community:14 - Central City East
Municipality:Frontenac

Building

Size:5,092 sq ft
Building Age:100+

Inside

Bedrooms:0
Bathrooms:0
Kitchens:0
Family Room:No

Parking

Garage Type:Other
Garage Spaces:0
Total Parking Spaces:0

Utilities

Cooling:Yes
Heating Type:Gas Forced Air Open
Utility Sewer:Sanitary

Land

Cross Street:PRINCESS STREET AND WELLINGTON ST

$20/square feet (net)

Lease price

111 PRINCESS Street, Kingston – Commercial Retail for lease · MLS® # X12366341