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$899,900
Zorra
103 Commissioner Street, Zorra (Embro), Ontario, N0J1J0
This retail property in Zorra is for sale offering roughly 4,078 sq ft of space.
Exceptional Commercial Opportunity in Embro! Seize the chance to own the only restaurant in the village with this prime corner property on Commissioner Street. This well-loved, family-style establishment, seating up to 98 guests, enjoys high visibility and ample parking, making it a favourite for locals and a magnet for passing traffic. Conveniently located near London, Ingersoll, Woodstock, and Stratford, its perfectly positioned to attract a broad customer base. The restaurant comes fully equipped with all the necessary tools and appliances for a thriving business, ensuring a smooth transition for new ownership. It also features a seasonal ice cream shop and a newer outdoor patio! The property also includes a vacant 2-bedroom, 1-bathroom apartment on the upper level, ideal for immediate rental or personal use. Additionally, theres a second framed unit upstairs that can be converted into another apartment or expanded for a larger living space. This is an ideal investment for those looking to run a successful community restaurant while benefiting from residential rental income. The perfect opportunity for an ambitious restauranteur ready to grow a thriving business or an investor seeking a valuable asset, this listing offers a unique opportunity to tap into both commercial and residential markets in a vibrant, small-town setting. (id:66096)
Features and services as supplied by the listing brokerage.
Long Listed: 117 days on market, against an average age of 68 days across the listings currently for sale in this city
Homes here sell close to asking price
Homes in this market sold for an average of 98.4 percent of their asking price over the past year, above the 96.4 percent median across the markets we publish.
This retail in Zorra (Embro) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Approximate location — exact address confirmed upon showing
This home lists at $899,900, about 9.3× the local median household income of $97,000.
Carrying it typically needs a household income of about $175,782 (20% down, 25-yr amortization, stress-tested) — roughly 81% above the area median.
Source: Statistics Canada, 2021 Census (FSA N0J)
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