For Sale

288 King Street, Chatham-Kent, Ontario N0P 1T0

$220,000

288 King Street, Chatham-Kent, Ontario N0P 1T0 is For Sale and has a listing price of 220,000. The property is located in the Highgate neighbourhood . It's been on the website for 44 Days.

  • Sale Of Business
    Property Type
  • MLS ID: X12263326
  • Office Name ROYAL LEPAGE TRILAND REALTY
Property Description

This is your chance to own a well established, strong income generating business and commercial property in the heart of Highgate, Ontario. This 1,905 square foot, one-floor building is home to a busy variety store and a popular restaurant, both well known throughout the community and surrounding areas. The business grosses over $250,000 annually, with strong local support and a loyal customer base that includes residents of Ridgetown, Muirkirk, Duart, throughout Chatham-Kent County and many travelers who stop off the 401.The restaurant currently operates for breakfast and lunch only, leaving significant potential for growth by expanding hours or offerings. The variety store and restaurant together serve between 1,000 and 1,500 unique customers, most of whom return regularly. This has made the location a well known and popular gathering place not just for Highgate, but for a broader regional population.The building itself is well laid out and offers plenty of storage, a spacious kitchen, two bathrooms, and a large checkout counter. Included in the sale are major appliances and equipment essential for running the business, including a Garland grill, a U.S. Range convection oven, a gas range, Berkel food slicer, ice cream cooler, coffee maker, three chest freezers, a stand-up freezer, two True double-door coolers, a single-door cooler, and branded Pepsi, Coke, and ice coolers, not owned, but supplied free by vendors. There is a BMO Automated Banking Machine that draws traffic, though it is not owned. It is the same type of machine located at banks that does everything, and it generates a monthly income as well in rental space. The lottery license can be transferred within two to three weeks, and alcohol licenses are now transferable, offering additional revenue streams. This is a turnkey opportunity ideal for a family business or an entrepreneur seeking stable income with room to grow. Don’t miss out on this rare offering with high-potential for even more growth.

Property Details
  • MLS ID: X12263326
  • Price: $220,000
  • Lot Depth: 66
  • Transaction Types: For Sale
  • Ref ID: X12263326
  • Year Built: N/A
  • Dir / Cross St: Main St & King St
  • Status: Active
  • Tax Year: 2025
  • Property Type: Sale Of Business
  • Property Type: Commercial
  • Property Sub Category: Business
Price History
List Date MLS ID List Price Status End Date Closed Price
07/04/2025 X12263326 $220,000 For Sale - -
07/04/2025 X12263327 $220,000 For Sale - -
Market Temperature
  • Buyer's Market
  • Balanced
  • Seller's Market
Neighborhood Stats
Highgate
  • $365,803 Average List Price
    based on 1 year
  • 0 New Listings
    based on 30 days
  • 0 Median Days on Market
    based on 1 year
  • List vs. Selling Price 6.9 % Up
  • Sold (12mo) 0
  • Rented (12mo) 0

  • 1 Month Change -
  • 3 Month Change -100.0%
  • 6 Month Change -100.0%
Walkscore
  • 18 Walk Score
    Car-Dependent
  • 32 Bike Score
    Somewhat Bikeable
Additional Details
  • Heat Type Y
  • Garage Type Y
  • Taxes: $2,272
  • Last Status Y
  • Original Price: $240,000
  • Sold Price: $0
  • Addl Monthly Fees: $0
  • Listing Entry Date: 04/07/2025 17:41:05
  • Possession Date: 20/08/2025 00:00:00
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