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Off Market
1/12

380 Lyndoch St
Corunna, ON N0N 1G0


HIGHLIGHTS

  • Established Chinese Restaurant (43 years) located on high traffic Lyndoch Street/St. Clair Parkway.
  • Good easy operation, mostly takeout/delivery operation.
  • List of equipment and confidential financial statements available.

OVERVIEW

The business is located on the main street in running through St. Clair Township in downtown Corunna. St. Clair Township has population of 15,000 people and is part of the Sarnia-Lambton. It is located 15 minutes along the Canada/US border at Ontario/Michigan crossing. St. Clair Township has a strong economy based upon petrochemical, refining, and large energy plants. (Shell, Nova Chemicals, Dow, CF Industries, Enbridge, Plains Midstream, Suncor Energy). Nova Chemicals finished construction on a $2.5 Billion polyethylene plant in January. Construction of another new natural gas plant has been announced. The area is a major agricultural area. Diageo recently announced construction of a new Canadian whiskey distillery. The Golden Palace restaurant has been in Corunna for 43 years and is one of the one successful restaurants in Lambton County. It offers Cantonese, Szechwan and Asian food. The price of the property includes, land, building, equipment and business. Financial information is available to qualified buyers upon signing of a confidentality agreement.

FOR SALE DETAILS

PRICE

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CAP RATE

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% LEASED

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TENANCY

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BUILDING DETAILS

PROPERTY NAME

Golden Palace Restaurant

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

4000

STORIES

2

YEAR BUILT

1984

SPRINKLERS

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PARKING SPACES

50

LAND DETAILS

LAND ACRES

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LAND SF

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ZONING

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APN/PARCEL ID

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