$949,999
Available - For Sale
Listing ID: X10413720
21980 Hwy 7 South , Tay Valley, K0H 2B0, Ontario
| "LOCATED ON THE BUSY HIGHWAY 7, THIS VERSATILE PROPERTY INCLUDES A FREESTANDING BUILDING WITH AN OPERATIONAL RESTAURANT ON THE MAIN FLOOR AND SIX ROOMS UPSTAIRS, IDEAL FOR A POTENTIAL AIRBNB SETUP. ADJACENT TO THE RESTAURANT, THERE IS' SPACIOUS LIVING ROOM AND AN ADDITIONAL ROOM, PROVIDING FURTHER POTENTIAL FOR VARIOUS USES. ANOTHER STANDALONE BUILDING ON-SITE SERVES AS AN ICE CREAM BAR DURING THE SUMMER, OFFERING FLEXIBILITY FOR YEAR-ROUND CONVERSION TO ANY CONCEPT. THE PROPERTY'S PEIME LOCATION AND MULTI-FUNCTIONAL SPACES PRESENT NUMEROUS BUSINESS AND ACCOMMODATION OPPORTUNITIES"NOTABLY, THE CURRENT OWNER IS OPEN TO STAYING ON TO SUPPORT A SMOOTH TRANSITION OR CAN PROVIDE UP TO SIX MONTHS OF TRAINING WITH THE EXPERIENCED STAFF. THIS ADDED SUPPORT OFFERS A UNIQUE ADVANTAGE, MAKING IT A SEAMLESS OPPORTUNITY FOR NEW OWNERSHIP. |
| Extras: COMMERCIAL GENERATOR FOR EMERGENCEY USE, COME WITH IT |
| Price | $949,999 |
| Minimum Rental Term: | 12 |
| Maximum Rental Term: | 60 |
| Taxes: | $6992.51 |
| Tax Type: | Annual |
| Occupancy by: | Owner |
| Address: | 21980 Hwy 7 South , Tay Valley, K0H 2B0, Ontario |
| Postal Code: | K0H 2B0 |
| Province/State: | Ontario |
| Legal Description: | PART LOT 14 CON 8 SOUTH SHERBROOKE; PART |
| Directions/Cross Streets: | HWY 7 & BOLINGBROKE RD |
| Category: | Highway Commercial |
| Use: | Hospitality/Food Related |
| Building Percentage: | Y |
| Total Area: | 63237.91 |
| Total Area Code: | Sq Ft |
| Office/Appartment Area: | 2470 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 970 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway |
| Approximatly Age: | 51-99 |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 6 |
| Hours Open: | 8-5 PM |
| Employees #: | 4 |
| Seats: | 104 |
| LLBO: | Y |
| Sprinklers: | N |
| Outside Storage: | N |
| Rail: | N |
| Crane: | N |
| Soil Test: | N |
| Volts: | 120 |
| Heat Type: | Gas Hot Water |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | Septic |
| Water: | Well |
| Water Supply Types: | Dug Well |
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At a Glance:
| Type: | Com - Commercial/Retail |
| Area: | Lanark |
| Municipality: | Tay Valley |
| Approximate Age: | 51-99 |
| Tax: | $6,992.51 |
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