200 Main Street, Newmarket (Central Newmarket) - Business for Sale
200 Main Street, Newmarket (Central Newmarket), Ontario, L3Y1R1
Description
Discover a Rare Opportunity to Operate an Exceptional Commercial Property In The Heart Of Newmarket's Main Street District. This 2,500 Sqf Corner Lot Property Features Two Unique Adjoining Units, Each With Its Own Separate Entrance, Liquor License, And Distinct Character, Connected By An Internal Passageway That Allows Both Spaces To Be Seamlessly Combined For A Larger Unified Concept. Both Spaces Are Being Offered As One Large Commercial Unit. Providing Unlimited Creative Potential For A Restaurant, Café, Entertainment Venue, Or Retail Concept. The First Unit Currently Operates As A Comic Book Retail And Bar/Lounge Hybrid With A Cozy Bar, Stools, Sofa, And Lounge Seating, While The Second Unit Features A Full Kitchen, Bar, And High-Top Tables, Ideal For A Food And Beverage Operation. Together, The Property Holds An LLBO License For 95 Patrons (75 Indoor And 20 Patio) And Showcases Outstanding Architectural Charm With High Ceilings, Exposed Brick Walls, Oversized Pine Board Flooring, And Large Transom WindowsThat Fill The Space With Natural Light. Situated On A High-Visibility Corner With Dual Street Exposure-Main Street Frontage And A Side Street Entrance-This Property Benefits From Strong Pedestrian Traffic Year-Round, Enhanced By Newmarket's Many Seasonal Events And Festivals. Rent Including TMI Is $7,500/Month. Perfect For Entrepreneurs, This Is A One-Of-A-Kind Opportunity To Bring Your Vision To Life In One Of Newmarket's Most Vibrant And Desirable Commercial Destinations. (id:66096)
Property Details
- MLS®
- N12531768
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Commercial
- Bathrooms
- 4
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 358 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 358 days on market, against an average age of 72 days across the listings currently for sale in this city
Homes here sell faster than most markets
Sold homes in this market spent an average of 31 days on the market over the past year, against a median of 48 days across the markets we publish.
This business in Newmarket (Central Newmarket) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (L3Y)
This home lists at $188,000, about 2.0× the local median household income of $93,000.
Carrying it typically needs a household income of about $36,723 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $93,000
- Population
- 43,556
- Median age
- 45.6
- Owner / renter
- 68% / 32%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA L3Y)
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$188,000
Newmarket