Michael Tzakas
Sales Representative
RE/MAX Hallmark Realty Ltd, Brokerage
Independently owned and operated.
685 Sheppard Ave East, Richmond Hill, Ontario M2K 1B6
Cell: 416-561-3911Office: 416-494-7653
$599,000
Available - For Sale
Listing ID: X9394066
236-232 MAIN St , Southwest Middlesex, N0L 1M0, Ontario
| The Palace restaurant has been a cherished dining destination in Glencoe for many years, offering great food in a vibrant small-town setting. With seating for 150 guests, the restaurant is fully wheelchair accessible and features a large commercial kitchen, making it ideal for hosting a variety of events. The establishment includes two sets of restrooms for patrons' convenience.Above the restaurant, two spacious apartments with two bedrooms and a 3-piece bath each provide additional income potential or accommodation for staff. The restaurant also benefits from ample parking available in a municipal lot located behind the building,along with a convenient rear entrance. Glencoe is well-connected, serviced by Via Rail from Windsor to Toronto, and is just 10 minutes away from Four Counties Health Services and emergency care. The town boasts a range of educational institutions including Glencoe District Hight School, Ekcoe Central Public School, and St Charles Catholic School, making it an appealing location for families.Local amenities further enhance the community's appeal, featuring popular dining options like the McKellar Hotel, Subway,Pizza Picasso, and Tim Hortons, along with grocery stores No Frills and Foodland. Residents enjoy recreational facilities,including an arena and accounting services, and pharmacies.These features collectively make Glencoe an attractive location for both business investors and families seeking a close-knit,community-oriented lifestyle. The Palace Restaurant stands as a cornerstone of the welcoming town, providing delicious meals and a vibrant atmosphere for all. |
| Price | $599,000 |
| Taxes: | $4929.00 |
| Tax Type: | Annual |
| Occupancy by: | Own+Ten |
| Address: | 236-232 MAIN St , Southwest Middlesex, N0L 1M0, Ontario |
| Postal Code: | N0L 1M0 |
| Province/State: | Ontario |
| Legal Description: | 236 MAIN STREET GLENCOE: PLAN 159 BLK C |
| Lot Size: | 43.00 x 100.58 (Feet) |
| Directions/Cross Streets: | NEAR MCKELLAR ST. |
| Category: | With Property |
| Use: | Restaurant |
| Building Percentage: | Y |
| Total Area: | 5441.00 |
| Total Area Code: | Sq Ft Divisible |
| Office/Appartment Area: | 800 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area: | 4641 |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Financial Statement: | Y |
| Chattels: | Y |
| Franchise: | N |
| Days Open: | 7 |
| Hours Open: | 7am - 8 |
| Employees #: | 8 |
| Seats: | 262 |
| LLBO: | Y |
| Taxes Expense: | $4821 |
| Insurance Expense: | $7958 |
| Heat Expenses: | $7449 |
| Hydro Expense: | $13336 |
| Water Expense: | $2549 |
| Other Expenses: | $333993 |
| Gross Income/Sales: | $431446 |
| Expenses Actual/Estimated: | $Act |
| Sprinklers: | N |
| Rail: | A |
| Crane: | N |
| Soil Test: | N |
| Heat Type: | Gas Forced Air Open |
| Central Air Conditioning: | Y |
| Elevator Lift: | None |
| Sewers: | Sanitary |
| Water: | Municipal |
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| ROYAL LEPAGE TRILAND REALTY |
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|
Michael Tzakas
Sales Representative
Dir:
416-561-3911
Bus:
416-494-7653
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Middlesex |
| Municipality: | Southwest Middlesex |
| Neighbourhood: | Glencoe |
| Lot Size: | 43.00 x 100.58(Feet) |
| Approximate Age: | 100+ |
| Tax: | $4,929 |
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