1548 St. Clair Parkway, St. Clair - Business for Sale
1548 St. Clair Parkway, St. Clair, Ontario, N0N1H0
Description
WATERFRONT RESTAURANT BUSINESS FOR SALE! CALLING ALL INVESTORS & ENTREPRENEURS!! EXCELLENT OPPORTUNITY TO ACQUIRE A WELL ESTABLISHED THRIVING RIVERVIEW RESTAURANT IN A HIGH EXPOSURE LOCATION OVERLOOKING THE SCENIC ST. CLAIR RIVER IN COURTRIGHT, ONT. KNOWN AS THE "ST. CLAIR RIVERVIEW RESTAURANT". THIS FULLY EQUIPPED, TURN KEY BUSINESS FEATURES A COMMERCIAL KITCHEN, DINING & BAR AREA INDOOR SEATING CAPACITY FOR: 60, FRONT OUTDOOR PATIO SEATING: 30 & BACK PATIO SEATING FOR: 30. THE SPACIOUS ON SITE BACK PARKING LOT ACCOMMODATES UP TO: 40 CARS. THE RESTAURANT ENJOYS A LOYAL CUSTOMER BASE AND STRONG LOCAL PRESENCE, A TOWN FAVOURITE LANDMARK KNOWN FOR THEIR DELICIOUS HOMEMADE MEALS & COLD BEVERAGES FOR ALL TO ENJOY IN A RELAXING ATMOSPHERE WHERE LOCAL MUSICIANS PLAY ON THE WEEKENDS. PERFECT FOR EXPERIENCED OPERATORS, CHEFS OR ENTREPRENEURS LOOKING TO STEP INTO YOUR OWN HOSPITALITY INDUSTRY. WITH A STRONG RETURN ON INVESTMENT ALREADY MAKE OWNING THIS RESTAURANT AN IDEAL INVESTMENT. NEW RESTAURANT BUSINESS OWNER WILL RENT FROM CURRENT BUILDING OWNER. WHETHER MAINTAINING THE CURRENT CONCEPT OR LAUNCHING SOME NEW CULINARY VISION, THIS RIVERFRONT RESTAURANT OFFERS EXCELLENT POTENTIAL TO TAKE OVER FOR LONG TERM SUCCESS! (id:66096)
Property Details
- MLS®
- X13668290
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- C1 1
- Lot Size
- 36 × 154 ft (5,630 sq ft)
- Frontage
- 37 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 84 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 84 days on market, against an average age of 48 days across the listings currently for sale in this city
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Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N0N)
This home lists at $110,000, about 1.1× the local median household income of $96,000.
Carrying it typically needs a household income of about $21,487 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $96,000
- Population
- 42,297
- Median age
- 45.2
- Owner / renter
- 85% / 15%
- Avg. household size
- 2.5
Source: Statistics Canada, 2021 Census (FSA N0N)
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$110,000
St. Clair