10
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$1,999,000
Est. payment /mo
28,237 SqFt
New
169 Front ST West Nipissing, ON P2B 2H9
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 28,237 sqft
Price per Sqft $70
Subdivision Sturgeon Falls
MLS Listing ID X12133327
Annual Tax Amount $42,834
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
Seize this rare opportunity to own a multi-faceted, income-generating property in the heart of Sturgeon Falls now offered at a newly improved price of $1.999M! With a Net Operating Income over $300,000, this iconic property spans multiple revenue streams, making it a true cash-flow machine. Featuring 16 residential apartments, 3 fully tenanted commercial units, and several versatile hospitality spaces, this asset offers diversified income with strong upside potential. The legendary Gervais Restaurant, a community staple since 1955, is ready for its next chapter. Equipped with 3 exhaust hoods, walk-in fridge/freezers, a spacious kitchen, prep and dish areas, and office space, its fully outfitted to support a range of food and beverage operations. The restaurant and related spaces are ready to be rebranded, reimagined, or relaunched to suit your business vision. The restaurant, bar, banquet hall and drive thru will all be available vacant on possession. With an incredible liquor license capacity of 441, the opportunities are endless for growing your business including ample parking that surrounds the property. Whether you're an investor looking for solid returns or an operator ready to revitalize a landmark venue, this is an unbeatable opportunity. Included in the sale is a single family home, zoned C2, which sits adjacent to this property on a 66x132 foot lot. Please do not go direct or speak to staff! Your discretion is appreciated.
Location
Province ON
County Nipissing
Community Sturgeon Falls
Area Nipissing
Zoning C2
Interior
Cooling Yes
Inclusions * As per List of Chattels & Expenses *
Exterior
Utilities Available Yes
Lot Frontage 264.01
Lot Depth 195.5
Others
Security Features Yes
Listed by ROYAL LEPAGE REAL ESTATE SERVICES LTD.
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