$849,900
Available - For Sale
Listing ID: S13550774
70 Main Street , Penetanguishene, L9M 1T4, Simcoe
| Discover an exceptional investment opportunity in the heart of Penetanguishene. This well-established mixed-use commercial property offers multiple income streams and outstanding long-term potential. Home to the iconic Captain Ken's Diner & Pub, a community favourite for decades, the main level features a fully equipped restaurant space with excellent Main Street exposure, strong visibility, and steady pedestrian and vehicle traffic.The second floor offers two spacious, 3-bedroom residential apartments, both currently tenanted and providing dependable rental income. Situated on a generous lot with six on-site parking spaces, municipal services, and flexible DW zoning, this freestanding building presents endless possibilities for investors, business owners, or entrepreneurs looking to expand their portfolio. Continue operating a successful restaurant, lease the commercial space, or explore future opportunities permitted within the zoning.With over 4,300 sq. ft. of total space, a central location just off Highway 93, and three established income-producing units, this is a rare opportunity to acquire a landmark property. |
| Price | $849,900 |
| Taxes: | $5500.00 |
| Tax Type: | Annual |
| Occupancy: | Tenant |
| Address: | 70 Main Street , Penetanguishene, L9M 1T4, Simcoe |
| Postal Code: | L9M 1T4 |
| Province/State: | Simcoe |
| Legal Description: | PT LT 9 N/S ROBERT ST, 10 N/S ROBERT ST |
| Directions/Cross Streets: | Hwy 93, Turn to Main St., on the left just north of Robert St |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Multi-Use |
| Building Percentage: | T |
| Total Area: | 4352.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 2318 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Approximatly Age: | 100+ |
| Business/Building Name: | Captain Ken's |
| Days Open: | O |
| Water Expense: | $666 |
| Expenses Actual/Estimated: | $Est |
| Sprinklers: | Yes |
| Washrooms: | 3 |
| Heat Type: | Baseboard |
| Central Air Conditioning: | Yes |
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| Keller Williams Experience Realty |
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Sumit Chopra
Broker
Dir:
647-964-2184
Bus:
905-230-3100
Fax:
905-230-8577
| Book Showing | Email a Friend |
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Simcoe |
| Municipality: | Penetanguishene |
| Neighbourhood: | Penetanguishene |
| Approximate Age: | 100+ |
| Tax: | $5,500 |
| Baths: | 3 |
| Fireplace: | N |
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