500 Main ST, Powassan, ON P0H 1Z0
500 Main ST, Powassan, ON P0H 1Z0
500 Main ST, Powassan, ON P0H 1Z0
500 Main ST, Powassan, ON P0H 1Z0
500 Main ST, Powassan, ON P0H 1Z0
500 Main ST, Powassan, ON P0H 1Z0
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Jonathan Colford

Jonathan Colford

+1(647) 823-6092
$ 950,000
Est. payment | /mo

6,000 SqFt

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$ 950,000
Est. payment | /mo
Save Virtual Tour

6,000 SqFt

Key Details

Property Type Commercial

Sub Type Commercial Retail

Listing Status Active

Purchase Type For Sale

Square Footage 6,000 sqft

Price per Sqft $158

Subdivision Powassan

MLS Listing ID X13547898

Annual Tax Amount $7,813

Tax Year 2025

Property Sub-Type Commercial Retail

Property Description

An exceptional investment and business opportunity in the heart of the growing community of Powassan. This prominent 9,000 sq. ft. (including basement) mixed-use commercial building is ideally situated on a high-visibility corner at one of the town's main intersections, just minutes from Highway 11 and a short drive south of North Bay, making it a prime destination for both local residents and passing highway traffic. The approximately 3,000 sq. ft. main floor restaurant is fully equipped with a 13-foot commercial exhaust hood, a secondary hood dedicated to the pizza ovens, and seating licensed for 98 patrons. Currently operating just four days per week, the business offers tremendous opportunity for increased revenue through expanded hours, menu offerings, catering, or additional services. The second level features two self-contained 2-bedroom, 1-bathroom residential apartments, providing valuable supplemental rental income. One unit has been beautifully renovated, while the second offers the opportunity to complete renovations and further enhance the property's earning potential. The property also offers a full-height basement with two entrances, private on-site parking, a large storage and a patio area with the potential to expand the liquor licence and create an inviting outdoor dining experience. The building has benefited from significant recent capital improvements, including a new roof, extensive renovations, all-new leaseholds, updated systems, equipment throughout, and 200-amp electrical service, providing a truly turnkey opportunity for the next owner. Whether you're an owner-operator looking to build on an established and respected business or an investor seeking a quality mixed-use property with multiple income streams and future upside, this is a rare opportunity in one of Northeastern Ontario's growing communities.

Location

Province ON

County Parry Sound

Area Parry Sound

Rooms

Kitchen 0

Interior

Cooling Yes

Heat Source Gas

Exterior

Community Features Major Highway, Recreation/Community Centre

Utilities Available Yes

Lot Frontage 66.0

Lot Depth 132.0

Building

New Construction false

Others

Security Features No

ParcelsYN No

Virtual Tour https://youtu.be/bLEwHb8xqkY

Listed by Century 21 Blue Sky Region Realty Inc., Brokerage

Nearby Locations

Jonathan Colford

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(647) 823-6092

jonathan.colford@exprealty.com

8763 Bayview Ave #127, Richmond Hill, ON L4B 3V1, ON, CAN

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500 Main ST