$2,500,000
Available - For Sale
Listing ID: X12230109
361 Main Stre East , North Bay, P1B 9M2, Nipissing
| Rare Commercial Opportunity Downtown Entertainment Complex for Sale. Take advantage of this exceptional opportunity to own a well-established, two-story commercial property in the heart of the citys downtown core. Currently operating as the only 5-pin bowling center in the area, this versatile building also includes a billiard hall, licensed bar, and restaurant, making it a fully equipped entertainment hub. Offering approximately 45,000 sq ft of total space, the property includes: Two floors of 15,000 sq ft each, ready for immediate business operations, 36-car underground parking garage, dual access from Main Street and Oak Street for high visibility and customer convenience. This turnkey business is well-maintained and financially sound, with flexible purchasing options available choose either a share sale or asset sale. Financial statements are available for qualified, serious buyers. Whether you're an investor or a multi-family entrepreneur, this is an ideal opportunity with guaranteed income from long-standing sanctioned bowling and pool leagues. CAP Rate: 7%+ on building alone and or Up to 18% plus return with business included. It's truly a one-of a kind property and investment. |
| Price | $2,500,000 |
| Taxes: | $62000.00 |
| Tax Type: | Annual |
| Assessment Year: | 2025 |
| Occupancy: | Owner |
| Address: | 361 Main Stre East , North Bay, P1B 9M2, Nipissing |
| Postal Code: | P1B 9M2 |
| Province/State: | Nipissing |
| Legal Description: | LT 31-33 PL 10 WIDDIFIELD; NORTH BAY ; D |
| Directions/Cross Streets: | Fisher St. |
| Washroom Type | No. of Pieces | Level |
| Washroom Type 1 | 0 | |
| Washroom Type 2 | 0 | |
| Washroom Type 3 | 0 | |
| Washroom Type 4 | 0 | |
| Washroom Type 5 | 0 |
| Category: | Retail |
| Use: | Hospitality/Food Related |
| Building Percentage: | T |
| Total Area: | 45000.00 |
| Total Area Code: | Square Feet |
| Retail Area Code: | Sq Ft |
| Area Influences: | Public Transit |
| Approximatly Age: | 31-50 |
| Sprinklers: | Part |
| Washrooms: | 0 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Yes |
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| Although the information displayed is believed to be accurate, no warranties or representations are made of any kind. |
| Century 21 Blue Sky Region Realty Inc., Brokerage |
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Sachi Patel
Broker
Dir:
647-702-7117
Bus:
6477027117
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At a Glance:
| Type: | Com - Commercial Retail |
| Area: | Nipissing |
| Municipality: | North Bay |
| Neighbourhood: | Central |
| Approximate Age: | 31-50 |
| Tax: | $62,000 |
| Fireplace: | N |
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