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$3,799,000
Est. payment /mo
10 Baths
6,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 6,000 sqft
Price per Sqft $633
Subdivision Penetanguishene
MLS Listing ID S14120694
Annual Tax Amount $7,800
Tax Year 2025
Property Sub-Type Sale Of Business
Property Description
The very popular and well-known Phil's Family Restaurant, including the real estate, is now available in the heart of downtown Penetanguishene. This established restaurant occupies 1,600sq ft and is licensed for 70 seats, with a full commercial kitchen featuring an 11-ft hood, two walk-in coolers (1 + 1), and 400-amp electrical service. The business enjoys excellent sales and strong, consistent income, making it a proven operation with a long-standing reputation in the community. The property also includes six fully tenanted residential apartments located above the restaurant, bringing the total building size to approximately 4,400 sq ft across two floors. The 6 residential units provide steady rental income that supports both the business and the overall investment, creating a rare opportunity to acquire a restaurant with built-in income-producing real estate. This is an ideal opportunity for owner-operators or investors seeking a well-established restaurant paired with reliable residential income. Training will be provided to ensure a smooth transition for new ownership. Please do not go direct or speak to staff.
Location
Province ON
County Simcoe
Area Simcoe
Zoning Business Commercial
Interior
Cooling Yes
Exterior
Parking Features Outside/Surface
Community Features Greenbelt/Conservation, Major Highway
Utilities Available Available
Building
Lot Description Lot
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Lited by ROYAL LEPAGE SIGNATURE REALTY
NEARBY SCHOOLS & PROPERTIES
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