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$ 180,000
Est. payment | /mo
1,200 SqFt
$ 180,000
Est. payment | /mo
1,200 SqFt
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,200 sqft
Price per Sqft $150
Subdivision Central
MLS Listing ID E12028553
Tax Year 2024
Property Sub-Type Sale Of Business
Property Description
Over 30 years well-established convenience store for sale! Located in a high-traffic corner on Ritson Rd S and Olive Ave with strong local demand, this business presents a fantastic opportunity for both new and experienced entrepreneurs. The store serves a prime customer base and offers products such as cigarettes, snacks, cold drinks, chocolates, candies, groceries, and lottery tickets. With strong income potential and a straightforward operation, the business is ideal for families, business owners, new immigrants, and investors. The very attractive low rent of $4,000+hst monthly, (plus 40% maintenance) comes with a long lease. Lotto commission and ATM income, the margin on grocery items is high. The business already has a liquor license for beer and premixed drinks and has recently begun selling liquor. Sales over $43k/month except lotto sales. The landlord will allow the establishment of a vape store. Please be advised that there is currently a school in front of the property which is going to be torn down in the future, in replacement of it many residential units are going to be built 1000 residential units which will serve as a good customer base.
Location
State ON
County Durham
Community Central
Area Durham
Interior
Cooling Yes
Exterior
Utilities Available Available
Lot Frontage 32.0
Lot Depth 110.44
Others
Security Features No
Listed by RE/MAX METROPOLIS REALTY
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