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1503 PITT Street
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$649,900 Sale
Listed 62 days ago
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· 12
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Key Facts
Key facts for 1503 PITT Street
Property Type
Commercial
Parking
12 parking
MLS #
1363238
Size
-
Basement
-
Listed on
-
Lot size
50 x 140
Tax
$6,632 /yr
Days on Market
-
Year Built
-
Maintenance Fee
-
Description
Well established family run restaurant offering take out and dine in. Potential for increased revenues by extending hours of operation and running 7 days a week. Current owner shuts down between 6 to 8 weeks a year. Currently no liquor license which would also increase income. All equipment is inclu...ded.If bought with building there is additional revenue from upper two bedroom apartment (estimated $16,200 annually) or could be used by new owner. Was formally licensed for 60-70 people and currently seating is supplied for 28 people. Included in chattels are items used for a former catering business which could also provide additional income. Operating expenses for restaurant include salaries for 3 family members and rent for restaurant ($2800 per month) paid to building owner. Business can be sold separately and owner will provide a 5 year lease but restaurant business must be sold before building.
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Courtesy of: CENTURY 21 SHIELD REALTY LTD.

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