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$1,500,000
Available - For Sale
Listing ID: X10416259
676 King Street , Welland, L3B 3L1, Niagara
The Blue Star Restaurant a rare turn-key investment opportunity in the heart of Welland! Established in 1947, this iconic, family-owned restaurant has long been a local landmark, known for its welcoming atmosphere and extensive menu spanning breakfast, lunch, dinner, and take-out/delivery options. Recently expanded, the restaurant now offers multiple revenue streams, including indoor dining, take-out, event catering, and an exciting new private event space added in 2023, which accommodates up to 80-100 guests. In addition to its recent upgrades, the washrooms have just completed a total renovation, enhancing the guest experience with modern and stylish facilities. The restaurant is equipped with a high-capacity commercial kitchen featuring top-quality appliances, including three walk-in coolers, a walk-in freezer, a 25-ft. hood, grills, fryers, convection ovens, and a stainless-steel dishwasher ensuring smooth operations across all service areas. Ample parking and a spacious basement for storage add to the efficiency and appeal of this well-prepared facility. **EXTRAS** Located on King Street, just a 5-minute walk to the Welland Canal and a 3-minute drive to downtown and Merritt Island, the property is positioned in a rapidly developing area with new residential communities, townhomes, and apartments.
Price $1,500,000
Taxes: $18,725
Tax Type: Annual
Occupancy by: Owner
Address: 676 King Street , Welland, L3B 3L1, Niagara
Postal Code: L3B 3L1
Province/State: Niagara
Lot Size: 80.13 x 180 (Feet)
Directions/Cross Streets: King St & Ontario
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Category: With Property
Use: Restaurant
Building Percentage: T
Total Area: 16,000
Total Area Code:  Square Feet
Retail Area: 8000
Retail Area Code: Sq Ft
Approximatly Age: 51-99
Business/Building Name: The Blue Star Restaurant
Financial Statement: T
Chattels: F
Franchise: F
Days Open: O
Hours Open: 62 hrs/
Employees #: 30
Seats: 180
LLBO: Y
Maintenance: 0
Sprinklers: Yes
Heat Type: Gas Forced Air Open
Central Air Conditioning: Yes
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
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CMHC/GE $ $ $ $
Total Financing $ $ $ $
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Total Payment $ $ $ $
Income Required $ $ $ $

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