178 Main Street
- Excellent Restaurant Business and Building Ownership Opportunity
- Type: Other
- Style: Commercial "building, restaurant business and 2 apartments "
- Bedrooms: n/a "2 bedroom apartments"
- Garage: Single, Attached "at back of building"
- Development Level: Built
- Lot Type: Rectangular
- Lot Size: 34.5ft x 132ft
- Taxes: $3,122.00 (2017)
- MLS ® #: 123870
Turn key restaurant business and main floor building location operating as Sam's Diner. Upstairs are 2 apartments; 1 owner occupied and the other rented $500/month tenant pays hydro landlord pays heat and water/sewer. Numerous building improvements and updates in and out include expanded restaurant dining area, new washroom facilities, some siding, paint, electrical updates and recent roof repairs and replacement. Restaurant is approximately 3000 sq. ft. with table seating for 100 patrons. Upper 2 apartments 1000 sq. ft. total living space. Location is in West Lorne a full service community near major Hwy. 401 southwest of London, minutes from a Lake Erie marina, parks and beaches at Port Glasgow. Restaurant gross income in 2017 was $287,000. Seller occupies i apartment and would consider remaining as residential tenant for new owner. Seller may consider holding a first mortgage for a qualified Buyer with a reasonable down payment. Owner may also consider leasing restaurant business to a qualified tenant with a good security deposit for $2,500.00 plus HST. a month plus utilities. Lease term is negotiable.
Information is deemed to be correct but not guaranteed.
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