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$219,900
Est. payment /mo
UPDATED:
Key Details
Property Type Commercial
Sub Type Freehold
Listing Status Active
Purchase Type For Sale
MLS® Listing ID 1280412
Originating Board Newfoundland & Labrador Association of REALTORS®
Year Built 1977
Property Sub-Type Freehold
Property Description
Take the reins of a well-established lounge that has been a beloved local spot for over 25 years. This turnkey business is fully licensed and operational, featuring a spacious bar, ample seating, a corner bandstand for live music or events, and two pool tables, making it a hub for entertainment. With five VLTs already in place and the potential to expand to ten, the earning opportunities are substantial. The property also includes a large 12'x15' patio deck, perfect for outdoor gatherings, and is equipped with a modern mini-split heat pump for economical heating, keeping operating costs low. The building boasts two generously sized washrooms, a full open basement for storage or future expansion, and a 200-amp electrical service. Additional conveniences include town water and sewer as well as a paved parking lot accommodating 10–12 cars. Whether you're looking to carry on the legacy of this cherished lounge or completely reimagine the space into your own unique business, this opportunity offers flexibility and endless potential. Everything you need to get started is included, making this an ideal investment for a motivated entrepreneur. (id:24570)
Location
Province NL
Interior
Heating Heat Pump
Flooring Other
Exterior
Parking Features No
View Y/N No
Private Pool No
Others
Ownership Freehold
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Listed by Century 21 Seller's Choice Inc.