Discover an exceptional investment opportunity in the heart of Penetanguishene. This well-established mixed-use commercial property offers multiple income streams and outstanding long-term potential. Home to the iconic Captain Ken's Diner & Pub, a community favourite for decades, the main level features a fully equipped restaurant space with excellent Main Street exposure, strong visibility, and steady pedestrian and vehicle traffic.The second floor offers two spacious, 3-bedroom residential apartments, both currently tenanted and providing dependable rental income. Situated on a generous lot with six on-site parking spaces, municipal services, and flexible DW zoning, this freestanding building presents endless possibilities for investors, business owners, or entrepreneurs looking to expand their portfolio. Continue operating a successful restaurant, lease the commercial space, or explore future opportunities permitted within the zoning.With over 4,300 sq. ft. of total space, a central location just off Highway 93, and three established income-producing units, this is a rare opportunity to acquire a landmark property. (id:40008)
| MLS® Number | S13657786 |
| Property Type | Retail |
| Community Name | Penetanguishene |
| Parking Space Total | 6 |
| Bathroom Total | 3 |
| Age | 100+ Years |
| Cooling Type | Fully Air Conditioned |
| Heating Type | Baseboard Heaters |
| Size Exterior | 4352 Sqft |
| Size Interior | 4,352 Ft2 |
| Utility Water | Municipal Water |
| Acreage | No |
| Size Depth | 207 Ft ,4 In |
| Size Frontage | 31 Ft |
| Size Irregular | Bldg=31 X 207.4 Ft ; 37.95ft X 207.31ft X 40.69ft X 207.04 |
| Size Total Text | Bldg=31 X 207.4 Ft ; 37.95ft X 207.31ft X 40.69ft X 207.04 |
| Zoning Description | Dw |
https://www.realtor.ca/real-estate/30136204/70-main-street-penetanguishene-penetanguishene
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