$249,900 $1,342 est/mo Sourced by Back At You

176 St. Paul Street,St. Catharines, ON L2R 3M2

St. Catharines ON, L2R 3M2

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Description

A rare opportunity to purchase a turnkey restaurant in the downtown core of St. Catharines. Situated on St. Paul Street across from the James Street intersection, this spectacular space has been completely rebuilt as a multi-level state of the art dining, catering and small banquet/event space. Fully reconstructed with permits, and gutted right down to the studs. Completely rewired, all plumbing replaced, HVAC and ductwork, insulation, drywall, and steel staircase were replaced during construction. The front and rear facades were repaired and replaced (2016) with all new custom aluminum commercial windows, roof and siding replaced, and Hardie Board concrete siding in front, with a rear concrete pad/possible future patio that steps down to a walkway connecting all venues and directly across from a metered public parking lot with spaces for 28 cars. Overlooking the Meridian Centre concert and hockey venue, the historic Marilyn I Walker School of Fine and Performing Arts, And the First Ontario Performing Arts Centre. Some exposed original brick feature walls, custom built bar with concrete top, immaculate kitchen and exhaust hood, fully renovated bathrooms, porcelain floor and wall tile, refinished original wood floors and numerous pot lights. The main level is wheelchair accessible; This building has metered street parking in front, and is on a main public transit route, and a short walk to City Hall, the Court House, Market Square and the bus terminal. Good long-term lease and financial information, as well as a list of chattels, fixtures, and inclusions will be released only with a conditional offer, and shall require a signed confidentiality agreement. Currently licensed for alcohol with seating capacity for 56 occupants on the main level, and 36 patrons in the lower private dining room. The building is also for sale, a qualified buyer could purchase both building and business separately.

Details

MLS#40574825
Listing TypeFor Sale
StyleCommercial
Sub-TypeResale
StatusActive
Days On Site13
Listing Provided ByROYAL LEPAGE NRC REALTY | Leo Difabio

Features

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Listings Checked: 2 minutes ago
ProvinceON
CountyNiagara
CitySt. Catharines
Postal CodeL2R 3M2
AreaSt. Catharines
Subarea451 Downtown
Community Name451 Downtown
Listing VS Median (in 451 Downtown)
Price:
$249,900
low | high
Med:
$485,000
44.077430972389% of Average
On Site:
13
low | high
Med:
36.000000
36.111111111111% of Average
Sourced by Back At You
Listing Updated: May 21, 2024 at 6:35:55 PM PDT