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Key Facts
Key facts for 62 King Street
Property Type
Commercial
Parking
None
MLS #
X12349990
Size
-
Basement
-
Listed on
2025-08-18
Lot size
0 x 0.0
Tax
-
Days on Market
6
Approximate Age
-
Maintenance Fee
-
Description
Business for Sale! Recently licensed to sell liquor with steadily increasing sales. This well-maintained and spotless store is located in a busy downtown area, featuring an extra-large retail space that offers flexibility to add additional businesses or services perfect for entrepreneurial growth. A... spacious unfinished basement provides even more potential for expansion. Current average weekly sales are approximately $10,000 (with about 30% from cigarettes), plus lottery commissions of $3,000/month. Operating costs are low, with hydro averaging $600/month. A brand-new 5+5 year lease is in place at $3,000/month net-net rent. The business currently operates limited hours (8 AM 8 PM), leaving room to extend hours and increase revenue. This is an excellent family-run opportunity in a charming town, offering growth potential and a solid foundation.
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