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48 Main St 6,000 SF Retail Building Penetanguishene, ON L9M 1S8 $2,865,393 USD ($477.57 USD/SF)
Investment Highlights
- Established, high-performing family restaurant with a loyal customer base.
- Prime downtown location with visible frontage and strong pedestrian traffic.
- Six upgraded residential apartments fully occupied, providing stable rental income.
- Located near Georgian Bay, marinas, parks, and a bustling tourism corridor.
Executive Summary
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 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.
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,000 SF
Building Class
C
Year Built
1900
Price
$2,865,393 USD
Price Per SF
$477.57 USD
Tenancy
Single
Building Height
2 Stories
Building FAR
0.37
Lot Size
0.37 AC
Moderately walkable
70/100
Exceptionally drivable
90/100
Limited public transit
30/100
Moderately bikeable
60/100
Nearby Major Retailers
1 of 2
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48 Main St
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