$1,149,000
Available - For Sale
Listing ID: X14125776
11 Beckwith Street South , Smiths Falls, K7A 2A9, Lanark
| Exceptionally well-maintained commercial/residential building in downtown Smiths Falls. Building has 4969sf versatile layout with flexibility for variety of uses from retail to restaurant. After 53 years of operating a successfully popular restaurant, owners are retiring. The building's main floor is currently fully equipped restaurant. Three entrance doors would allow space to be converted to retail, office or businesses. Second and third floors include six apartments, all rented. Welcoming front reception area includes pizza workstation. From here, customers walk into casual 54'x15' dining area that seats 66. Two steps up to second 37'x 24' dining room seating 45, with attractive stone wall plus bar area. Besides dining areas, restaurant has a 32'x 32' banquet hall for special events that seats 66. Adjoining banquet hall is equipped dessert station. Turnkey fully-equipped kitchen has efficient workflow with professional appliances, prep space and commercial refrigeration including walk-in cooler & walk-in freezer. Three natural gas furnaces and central air, for main floor restaurant. Four washrooms & storage rooms. Basement has extra storage space. Separate exterior door for access to rental apartments on second & third floors. Rented apartments include one 1-bedroom apartment; two 1-bedroom + den apartments; two 2-bedroom apartments and studio apartment. Each apartment has electric baseboard heating, 100 amp service and their own hydro meter. Roof's front shingles 2025; back shingles approx 2015. All windows 2006-2007. Curbside garbage pickup for apartments. Restaurant has garbage contract service. Street parking, two hours free. Zoning C1 (Commercial). Over the years, restaurant was open 7 days a week with full capacity and regular bookings for the banquet hall. Excellent location downtown Smiths Falls. Opportunity to invested in the growing town, on the Rideau Canal system. Convenient central location, 20 mins to Perth or Carleton Place and 50 mins to Ottawa. |
| Price | $1,149,000 |
| Taxes: | $15673.00 |
| Tax Type: | Annual |
| Occupancy: | Owner+T |
| Address: | 11 Beckwith Street South , Smiths Falls, K7A 2A9, Lanark |
| Postal Code: | K7A 2A9 |
| Province/State: | Lanark |
| Legal Description: | PT LT 6 E/S BECKWITH ST PL 13884 LANARK |
| Directions/Cross Streets: | Main St and Beckwith St S |
| 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 | |
| Washroom Type 6 | 0 | |
| Washroom Type 7 | 0 | |
| Washroom Type 8 | 0 | |
| Washroom Type 9 | 0 | |
| Washroom Type 10 | 0 | |
| Washroom Type 11 | 0 | |
| Washroom Type 12 | 0 | |
| Washroom Type 13 | 0 | |
| Washroom Type 14 | 0 | |
| Washroom Type 15 | 0 | |
| Washroom Type 16 | 0 | |
| Washroom Type 17 | 0 | |
| Washroom Type 18 | 0 | |
| Washroom Type 19 | 0 | |
| Washroom Type 20 | 0 |
| Category: | Retail |
| Building Percentage: | F |
| Total Area: | 10855.00 |
| Total Area Code: | Square Feet |
| Office/Appartment Area: | 5886 |
| Office/Appartment Area Code: | Sq Ft |
| Retail Area Code: | Sq Ft |
| Area Influences: | Recreation/Comm |
| Business/Building Name: | Ger-Bo's Restaurant |
| Financial Statement: | T |
| Chattels: | T |
| Franchise: | F |
| Days Open: | O |
| Hours Open: | 12:00 - |
| Employees #: | 4 |
| Seats: | 177 |
| Sprinklers: | Yes |
| Washrooms: | 0 |
| Clear Height Feet: | 6 |
| Heat Type: | Gas Forced Air Close |
| Central Air Conditioning: | Partial |
| Sewers: | Sanitary |
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Rocky Li
Realtor
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416-567-3688
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At a Glance:
| Type: | Com - Investment |
| Area: | Lanark |
| Municipality: | Smiths Falls |
| Neighbourhood: | 901 - Smiths Falls |
| Tax: | $15,673 |
| Fireplace: | N |
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