23 King Street N, Waterloo, Ontario N2J 2W6

Listed for:
$289,000
0 beds
0 baths
Listed 44 days ago
23 King Street N, Waterloo, Ontario N2J 2W6

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About

Cross Streets: Erb and Bridgeport on King st Uptown Waterloo. ** Directions: Located northwest of Erb Street and Bridgeport Road on King Street in Uptown Waterloo. Positioned at the prime intersection of King St and Erb St - widely recognized as one of the most desirable commercial corridors in Waterloo - this is a truly turnkey restaurant opportunity ready for immediate operation. The space is fully equipped with brand-new commercial equipment, including a 10-foot hood, two deep fryers, 8-burner stove range, commercial coolers and freezers, 3-compartment sink, stainless steel prep tables, and a professionally built above-ground grease trap. A recently approved LLBO license allows for up to 72 seats, including a patio, offering excellent revenue potential. The dining area is thoughtfully designed with a modern and refined aesthetic, and the business is already operating successfully. Currently home to a well-known and profitable franchise brand, the buyer has the flexibility to either take over the existing franchise and continue its proven model or introduce their own original concept in this high-demand location. The lease is highly attractive, with reasonable rent secured until November 30, 2030, plus a 5-year renewal option - providing long-term stability in one of Waterloo's busiest and most sought-after areas. After touring other available restaurant listings in Waterloo, the value of this fully prepared and income-generating opportunity becomes clear. A rare chance to step into a thriving location with infrastructure, licensing, and momentum already in place - though it may not remain available for long. (id:27476)

Property Highlights

MLS® Number
X12793294
Type
Business

Building

Square Footage
2500 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
HOMELIFE FRONTIER REALTY INC.
MLS® number:
X12793294
Agent:
Kay Pak
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Street Spotlight - For sale