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$ 420,000
Est. payment /mo
New
12270 Yonge ST #Unit A Richmond Hill, ON L4E 0W5
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Subdivision Jefferson
MLS Listing ID N12634332
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
This restaurant is located in a busy Richmond Hill strip plaza with ample free parking and strong daily traffic, surrounded by major anchors including Farm Boy, LCBO, leading banks, and other popular restaurants. Significant investment has been made in the build-out and renovations, positioning the business well for its next stage of growth. The approximately 2,500 sq. ft. unit features a fully equipped kitchen with a 16-ft hood and additional 8-ft hood and a walk-in cooler, and the flexible layout can accommodate a wide range of restaurant concepts. Well known in the surrounding neighbourhoods, the business benefits from steady walk-in traffic and loyal repeat customers. Approximately 7 years remain on the current lease, with the buyer to negotiate a new lease or extension directly with the landlord. Attractive financing is available, requiring much lower upfront cash through a transferable $275,000 CIBC business loan, subject to lender approval.
Location
Province ON
County York
Area York
Interior
Cooling Yes
Exterior
Utilities Available Available
Others
ParcelsYN No
Listed by RE/MAX REALTRON REALTY INC.