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40 King Street W
Cobourg Northumberland K9A 2M1

$149,000 /For Sale
Commercial

Main Photo: 40 King Street W in Northumberland: Cobourg Property for sale : MLS®# X11892927
Photo 1: 40 King Street W in Northumberland: Cobourg Property for sale : MLS®# X11892927
Photo 2: 40 King Street W in Northumberland: Cobourg Property for sale : MLS®# X11892927
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Photo 24: 40 King Street W in Northumberland: Cobourg Property for sale : MLS®# X11892927
Status:
Active
Prop. Type:
Commercial
MLS® Num:
X11892927
Bus Major:
Apparel
Profitable Retail Clothier! Established business 15+ years in busy downtown. Owner retiring! Solid income-generating enterprise with a loyal customer base. Enjoying approx. $100,000 in profit yearly. Approx. $100,000 in inventory to pass along with business!! Gross profit margins are excellent. Well-Established Apparel Business now for sale after many successful years on the main street. Prime Retail & Tourist area Business in the almost-filled to capacity downtown of "Ontario's Feel Good Town". An efficiently operated & dynamic Retail shop beloved by many on the main street with an excellent reputation for a superb, curated selection of apparel & accessories (list of items/inventory avail.) Known to provide great customer service & a fantastic selection of high-quality fashions for all ages & styles, with emphasis on vibrant fashions both Brand name & Custom or Unique items. Busy & open 6 days per week, perfectly situated on the desired sunny side of King St W, in a destination locale steps to a lively Tourist Beach, Marina Lakefront district. Financials & Income avail. to serious inquiries. Shipping & parking in back. Basement fully finished. Lease space back (or purchase building with residence which is also for sale) Lease Base Rent Will Be $4200+TMI (TMI to be calculated at time of purchase.) Unique Opportunity in fantastic location. VIA Train or 401 just up the street. 100km to Toronto. 2 staff members on payroll. Books for review will be made available with accepted offer in place.
Property Type:
Commercial
Commercial Type:
Sale Of Business
Approx. Age:
100+
Depth:
135'11"
Frontage:
29'10"
Total Area:
2,985.5 sq. ft.
Retail Area:
2,986 sq. ft.
Bathrooms:
2.0
Zoning:
MC-4
Heating type:
Gas Forced Air Closd
Basement:
Full
Garage:
None
Possession Details:
TBD
Lot Irregularities:
30.63 ft x 135.91 ft x 29.82 ft x 52.44
Taxes:
$5,135.06 / 2024
Assessment:
$- / -
Cobourg
Lots of immaculate Storage Space & a Staff Room in Finished LL + 2, 2-pce baths & Utility Closet w/ Sink. Inventory approx. $100,000 (list to be provided upon offer.) Owners operate. 3 staff members. More details available in attachments.
Public Transit
Utilities:
Y
Water supply:
Municipal
Sewer:
San+Storm
Seller Property Info Statement:
No
Air Conditioning:
Y
Amperage:
200
Number of Grade Level Shipping Doors:
1
Crane:
No
Chattels:
Yes
Log/Bldg/Unit Code:
Lot
Outside Storage:
No
Rail:
No
Soil Test:
No
Sprinklers:
No
Type Taxes:
Annual
Category:
Without Property
Major Business Type:
Apparel
Seats:
0
Days Open:
6
Hours Open:
10-5
Employees:
3
Financial Statements:
Yes
Franchise:
No
Freestanding:
Yes
LLBO:
No
Date Listed:
Dec 14, 2024
Original Price:
Previous Price:
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Listed by CENTURY 21 ALL-PRO REALTY (1993) LTD.
Data was last updated December 21, 2024 at 03:55 PM (UTC)
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