8986 Commercial Street

Description

What an opportunity! The owners of KAO Restaurant are ready to retire, giving someone new the chance to take over this fully operational restaurant. Built by the current owners in 2003, the property sits on a 17,170 sq. ft. lot in the heart of New Minas, with excellent visibility on busy Commercial Street. The 4,325 sq. ft. main level includes a welcoming entry, reception/bar area, dining room, buffet area, separate party room, commercial kitchen, mens and womens washrooms, walk-in cooler & freezer, ice/prep area and storage. An additional 532 sq. ft. upstairs offers an office, laundry room, washroom and flex room. The property has seen several updates over the years, including new chairs and carpeting in 2012. A major renovation in 2014 included a new grill/hood and buffet table, dining room ceiling and chandelier, reception counter, entrance, and exterior stucco and stone façade. In 2019, the roof was reshingled and ceramic tile replaced. Propane HVAC provides heating & cooling. Outside are 22 paved parking spaces, including 5 accessible spaces, along with a circular driveway providing convenient access around the building. Occupancy is 160. The sale includes all restaurant equipment, furnishings and inventory on site, giving the next owner everything they need to get started. (id:56844)

Listing

MLS® number

202623436

Status

Active

Days On Market

45

Building

Year built

2003

Above grade

4,882 sq ft

Exterior

Concrete Walls

Features

Laundry Facility, Air Conditioning

Interior

Flooring

Concrete

Heating

Heat Pump, Electric, Propane

Cooling

Heat Pump

Land

Lot size

0.39 acres

Community

High Traffic Area

Parking

Type

Paved Yard, Parking Space(s)

Utilities

Water

Municipal water

Business

Business type

Restaurant

Fees and taxes

Common interest

Freehold

Parcel number

55209175

Directions

From Highway 101 take Exit 12. North to Hwy 1. Right on Civic on RHS.