8986 Commercial Street, New Minas
What an opportunity! The owners of KAO Restaurant are ready to retire, giving someone new the chance to take over this fully operational restaurant. Built by the current owners in 2003, the property sits on a 17,170 sq. ft. lot in the heart of New Minas, with excellent visibility on busy Commercial Street. The 4,325 sq. ft. main level includes a welcoming entry, reception/bar area, dining room, buffet area, separate party room, commercial kitchen, mens and womens washrooms, walk-in cooler & freezer, ice/prep area and storage. An additional 532 sq. ft. upstairs offers an office, laundry room, washroom and flex room. The property has seen several updates over the years, including new chairs and carpeting in 2012. A major renovation in 2014 included a new grill/hood and buffet table, dining room ceiling and chandelier, reception counter, entrance, and exterior stucco and stone façade. In 2019, the roof was reshingled and ceramic tile replaced. Propane HVAC provides heating & cooling. Outside are 22 paved parking spaces, including 5 accessible spaces, along with a circular driveway providing convenient access around the building. Occupancy is 160. The sale includes all restaurant equipment, furnishings and inventory on site, giving the next owner everything they need to get started. (id:1945)
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Property details for 8986 Commercial Street, New Minas
- Type
- Commercial
- Lot Size
- 0.3942
- Parking
- Paved Yard, Parking Space(s)
- Heating
- Heat Pump, Electric, Propane
- Cooling
- Heat Pump
- Ownership
- Freehold
Nearby Listings Stat
Estimated price and comparable properties near 8986 Commercial Street
Active Listings
21
Min Price
$105,900
Max Price
$8,500,000
Avg Price
$835,343
Days on Market
95
days
Sold Listings
8
Min Sold Price
$79,900
Max Sold Price
$569,900
Avg Sold Price
$310,338
Days until Sold
66
days
Price History
Listed
September 16, 2026
by Exit Realty Town & Country
Current Price
$970,000
-21.8% from last change
Type
Commercial
For Sale
Price Changes
1
| Date | Price | Change |
|---|---|---|
| Current | $970,000 | $270,000 (-21.8%) |
| Sep 16, 2026 | $1,240,000 | Listed |
