413 Rue Prince-Arthur
Otter Lake
MLS® 17999581
Property description
INVESTORS WELCOME! Exceptional opportunity to acquire a very profitable convenience store with an attached residence in Otter Lake. The business generates average annual sales of approximately $1.35M, supported by a loyal, established local clientele and strong margins. Loto-Québec licensed, offering deli counter services and wild game registration. Over 2,100 sq. ft. of combined commercial and residential space, featuring numerous upgrades, plus a new screened-in porch. The attached 2+1 bedroom home includes 1+1 bathrooms and a partially finished basement, ideal for owner occupancy or rental to further increase revenue. Well maintained site.
Sold without legal warranty, at the risk and peril of the buyer
Details
Taxes and expenses
| Municipal | $1,617 |
| School | $144 |
| Other | $413 |
Building and interior of the property
| Expected delay of occupancy | 30 |
| Items included in the sale | All store equipment (except what does not belong), security system and generator. All appliances in house (stove, fridge, dishwasher (new) and washer & dryer. |
| Items excluded in the sale | Personal items, some coolers are loaned or rented to businesses, ATM machine (rented), propane cages (rented). The seller has ordered a new certificate of location. Should a title insurance be required before the signing of a deed of sale, it will be at the buyer's expense. |
| Dimension of the front of the building | 16.86 |
| Land area | 769 |
| Dimension of the front of the land | 35.05 |
| Dimension of the depth of the land | 60.96 |
| Municipal assessment (land) | $4,000 |
| Municipal assessment (building) | $242,200 |
| Municipal assessment (total) | $246,200 |
| Assessment year | 2025 |
| Year built code | |
| Irregular building | Yes |
| Irregular land | Yes |
| Available equipment | Yes |
| Available services | Water Connected |
| Basement | 6 feet and more, Partially finished |
| Business type | Convenience store |
| Distinctive features | Detached |
| Driveway | Asphalt |
| Equipment available | Alarm system, Central air conditioning |
| Foundation | Concrete blocks |
| Heating energy | Heating oil |
| Heating system | Convection baseboards, Forced air |
| Landscaping | Fenced |
| Parking | Driveway, Outdoor parking |
| Roofing | Asphalt shingles |
| Sewage system | Disposal field, Septic tank |
| Siding | Aluminum, Vinyl |
| Structure type | Building |
| Water supply | Municipality |
Addendum
| + Several renovations from 2020-2025
+ Roof replaced +- 5 years
+ Store floors replaced +- 5 years
+ Many windows replaced in store & house +- 8 years
+ New cash registers
+ New walk-in cooler fans
+ Central AC throughout
+ Integrated generac system (2022)
+ Security system + alarm system
+ Brand new compressors in beer cooler + entrance door ($5,000)
+ Septic system replaced +- 12 years ago
+ On municipal water
+ Central AC
+ Estimated 100k in stock inventory
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