219 Railway Avenue, Gainsborough

$199,000

0 Beds
0 Baths
7,412 Sqft
.55 Acres
0 Garages

Welcome to the Riverside Hotel, Restaurant, and Bar, a longstanding business in the SE Saskatchewan town on Gainsborough! Gainsborough is a farming and oil community located on Highway 18 in the southeastern corner of Saskatchewan It is approx. 6 km from the Manitoba border, 23 km from the US border, and 115 km east of Estevan, SK. If you've been looking for a suitable owner-run restaurant and bar property, this may be the one! Boast licensed dining and offsale, the Riverside Hotel has a large bar and dining room, a separate front cafe, a full upper level of single and double rooms, as well as a great location with full highway frontage (on 7 lots with 200' highway frontage) - This property has a lot to offer!! Inside the front door, you have the option of entering a front cafe with its own kitchen, going upstairs to the suites (3 doubles, 6 singles) or entering the main dining/bar area. The main area boasts a separate VLT space (5 VLTs), a large dining area, pool table, his/her bathrooms, and juke box, as well as a separate dining area with second kitchen and grill area. There is plenty of storage in the back of the building, both inside (behind the main dining), as well as in a rear fenced compound with large shed. This business would be ideal for someone looking to run it themselves, greatly improving the bottom line and/or for someone looking to purchase through the SINP program. Further, there are real opportunities for an ambitious owner to improve the income stream from the restaurant and bar as well as expand into the 5 vacant lots situated right beside the existing building. For serious inquiries, contact the listing agent for more information and for showings.

Essential Information
MLS® #SK797311
Price$199,000
Bathrooms0.00
Square Footage7,412
Acres0.55
Year Built1904
TypeCommercial
Sub-TypeBusiness Brokerage
StatusActive
Community Information
Address219 Railway Avenue
SubdivisionGainsborough
CityGainsborough
ProvinceSaskatchewan
Postal CodeS0C 0Z0
Amenities

Communication Network, Fenced Compound, Highway Frontage, Interior Space, Onsite Parking, Store Front

Heating

Air Conditioning, Floor Model Furnace

Exterior
ConstructionWood & Frame
Additional Information
Days on Market168
HOA Fees0.00
Listing Details
OfficeCentury 21 Hometown
Property History
Price Reduced from $215,000 to $199,000
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