$2,875,000
Available - For Sale
Listing ID: S13794584
13 Queen Street West , Springwater, L0L 1P0, Simcoe
| BUILDING & BUSINESS FOR SALE! Exceptional opportunity to acquire The Palace Tavern, an established Elmvale business together with its approximately 4,700 sq. ft. mixed-use building. Ideally situated in the heart of this vibrant and growing community, the property offers multiple income streams with a fully equipped tavern, café space and three on-site residential apartments. The popular tavern is known for its welcoming atmosphere, live entertainment and signature Jam Nights, providing an excellent foundation for a new owner to continue and expand the operation. Ample on-site parking and an outdoor patio further enhance the property's year-round appeal. Whether you are an entrepreneur seeking a turnkey hospitality business or an investor looking for a versatile commercial and residential asset, this unique offering presents outstanding potential in a well-established community. A rare opportunity to own the real estate and business under one roof! |
| Price | $2,875,000 |
| Taxes: | $3718.70 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 13 Queen Street West , Springwater, L0L 1P0, Simcoe |
| Postal Code: | L0L 1P0 |
| Province/State: | Simcoe |
| Legal Description: | PT LT E S/S QUEEN ST PL 324 ELMVALE; PT |
| Directions/Cross Streets: | Yonge St N Queen Str W |
| 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: | With Property |
| Use: | Bar/Tavern/Pub |
| Building Percentage: | T |
| Total Area: | 0.00 |
| Retail Area Code: | Sq Ft |
| Area Influences: | Major Highway Public Transit |
| Financial Statement: | T |
| Chattels: | F |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 11am - |
| Employees #: | 4 |
| Seats: | 20 |
| Washrooms: | 5 |
| Outside Storage: | F |
| Crane: | F |
| Heat Type: | Electric Forced Air |
| 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. |
| ROYAL LEPAGE REAL ESTATE SERVICES LTD. |
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416-901-9881
Bus:
416-901-8881
Fax:
416-901-9881
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At a Glance:
| Type: | Com - Sale Of Business |
| Area: | Simcoe |
| Municipality: | Springwater |
| Neighbourhood: | Elmvale |
| Tax: | $3,718.7 |
| Baths: | 5 |
| Fireplace: | N |
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