178 KING ST, PRESCOTT

$ 389,900

Description

All in ONE - INVESTORS and RESTAURANT OWNERS DELIGHT - Buildings, equipment, and ESTABLISHED restaurant business at one low price! Downtown Prescott Ontario, with the St Lawrence River across the road... this is a TURNKEY property. There are three apartments (two-1bedrms, one-2bedrm) and a Commercial space with a ESTABLISHED restaurant in business for 40yrs who was VOTED the BEST PIZZA in the township. The owner is ready to retire and may be available to assist in the transition. UPSDIE TO MORE INCOME: Business may be increased by opening in more hours and more options on the menu, Residential apartments are $300-500 market value per unit. Gross income for the apartments is currently $15600/yr with lots of upside - tenants pay heat and hydro. Commercial space can rent for $1500 + utilities. Prop tax is $3442/2019. Insurance and water is $2500 each ($5000 total). Don't wait, as this is TURN-KEY and profitable even in COVID Season. Great value!

Additional Details

  • Community
    Prescott
  • Tax
    $3442

Features

  • Fireplace
  • Pool
  • Elevator
  • Furnished
  • Family Room
  • Central Vacuum
  • Retirement
  • Water Front

Virtual Tour

Location

178 KING ST , PRESCOTT, Ontario K0E 1T0

Nearby Schools

  Green Yellow Orange Red
Fraser Institute
Rating (out of 10)
10.0-7.6 7.5-6.0 5.9-4.1 4.0-0.0

Disclaimer: The property is not necessarily in the boundary of the schools shown above. This map indicates the closest primary and secondary schools that have been rated by the Fraser Institute. There may be other, closer schools available that are not rated by the Fraser Institute, or the property can be in the boundary of farther schools that are not shown on this map. This tool is designed to provide the viewer an overview of the ratings of nearby public schools, and does not suggest association to school boundaries. To view all schools and boundaries please visit the respective district school board’s website.

Share this Property

Share

Listing Brokerage

  • RE/MAX HALLMARK REALTY GROUP