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$1,999,000
Available - For Sale
Listing ID: X12636130
Gervais Restaurant & Tavern is a substantial multi-use property located in the heart of downtown Sturgeon Falls. This impressive commercial and residential complex totals 28,237 sq ft and includes three separate restaurants, three commercial retail units, and sixteen residential apartments. All restaurant businesses are owner-operated and include Gervais Restaurant, Gervais Tavern, and a Country Style location, creating a well-established and diversified income stream. Gervais Restaurant is one of the busiest dining destinations in town, serving popular North American and Chinese cuisine. Gervais Tavern operates as a classic neighbourhood pub complete with pool tables, while the Country Style - no longer paying royalties - remains a central meeting spot for the community's coffee drinkers. A massive shared kitchen services all three restaurants and features four hood systems totaling 42 ft (16 + 16 + 6 + 4), three walk-ins, and even a drive-thru window. The combined liquor license covers an impressive capacity of 441. The three commercial units and all residential apartments are fully tenanted and generating rental income, offering strong stability for ownership. With its scale, location, and diversified revenue, this property presents an exceptional opportunity for both continued operation and future redevelopment potential. Please do not go direct or speak to staff.
Price $1,999,000
Taxes: $0
Tax Type: TMI
Occupancy by: Tenant
Address: 169 Front Street , West Nipissing, P2B 2H9, Nipissing
Postal Code: P2B 2H9
Province/State: Nipissing
Directions/Cross Streets: Front St & Nipissing St
No. of Pieces Level
Washroom 1 0
Washroom 2 0
Washroom 3 0
Washroom 4 0
Washroom 5 0
Washroom 6 0
Washroom 7 0
Washroom 8 0
Washroom 9 0
Washroom 10 0
Washroom 11 0
Washroom 12 0
Washroom 13 0
Washroom 14 0
Washroom 15 0
Washroom 16 0
Washroom 17 0
Washroom 18 0
Washroom 19 0
Washroom 20 0
Washroom 21 0
Washroom 22 0
Washroom 23 0
Washroom 24 0
Washroom 25 0
Washroom 26 0
Washroom 27 0
Washroom 28 0
Washroom 29 0
Washroom 30 0
Washroom 31 0
Washroom 32 0
Washroom 33 0
Washroom 34 0
Washroom 35 0
Washroom 36 0
Washroom 37 0
Washroom 38 0
Washroom 39 0
Washroom 40 0
Washroom 41 0
Washroom 42 0
Washroom 43 0
Washroom 44 0
Washroom 45 0
Category: Multi-Use
Use: Hospitality/Food Related
Building Percentage: F
Total Area: 28,237
Total Area Code:  Square Feet
Office/Appartment Area Code: Sq Ft
Retail Area Code: Sq Ft
Financial Statement: T
Chattels: T
Franchise: F
Days Open: O
Employees #: 20
Seats: 441
Maintenance: 0
Expenses Actual/Estimated: $Est
Sprinklers: No
Outside Storage: F
Rail: N
Crane: F
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
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ROYAL LEPAGE SIGNATURE REALTY

169 Front Street , West Nipissing, P2B 2H9, Nipissing

Personal Picture
Paulette Zander
Sales Representatives
Dir:
416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Commercial Retail
Area: Nipissing
Municipality: West Nipissing
Neighbourhood: Sturgeon Falls
Style:
Lot Size: x 65.85(Feet)
Approximate Age:
Tax: $0
Maintenance Fee: $0
Beds: 0
Baths: 30
Garage: 0
Fireplace: N
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908