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Investment Highlights
- Offered at a below market price and being sold as-is. Property last sold for $660,000 in August of 2022 and is tax assessed at $719,050.
- Furniture, fixtures, kitchen equipment and walk-in cooler are included, however, seller makes no representations or warranties about their condition.
- Oversized lot with parking that exceeds municipal requirements.
- Recent survey, as-built floor plan and a complete set of plans to convert the building to medical space are included at no additional expense.
- Quick interstate and freeway access with traffic counts of approximately 22,890 vehicles per day passing by.
- Access from three arterials.
Executive Summary
THIS OFFERING is for the opportunity to purchase a full-service restaurant that might also be converted to other traditional retail, office or medical uses at a below market price.
Located with significant frontage along N 1st St with approximately 22,890 vehicles per day passing by, the property benefits by access from three arterials and an oversized lot with plentiful parking that exceeds municipal requirements. The existing furniture, fixtures, kitchen equipment and walk-in cooler are included, however, seller makes no representations or warranties about their condition.
Included with the purchase are a recent survey, an as-built floor plan and complete set of plans to convert the building to medical space.
Located with significant frontage along N 1st St with approximately 22,890 vehicles per day passing by, the property benefits by access from three arterials and an oversized lot with plentiful parking that exceeds municipal requirements. The existing furniture, fixtures, kitchen equipment and walk-in cooler are included, however, seller makes no representations or warranties about their condition.
Included with the purchase are a recent survey, an as-built floor plan and complete set of plans to convert the building to medical space.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
5,760 SF
Building Class
C
Year Built
1984
Price
$765,914 CAD
Price Per SF
$132.97 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.17
Lot Size
0.76 AC
Opportunity Zone
Yes
Zoning
GC
Amenities
- Bus Line
- Corner Lot
- Dedicated Turn Lane
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 181313-11491 | Improvements Assessment | $608,135 CAD |
| Land Assessment | $207,075 CAD | Total Assessment | $815,210 CAD |
Property Taxes
Parcel Number
181313-11491
Land Assessment
$207,075 CAD
Improvements Assessment
$608,135 CAD
Total Assessment
$815,210 CAD
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1406 N 1st St
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