516 & 522 Broadway STREET W, Yorkton, SK S3N 0P5
516 & 522 Broadway STREET W, Yorkton, SK S3N 0P5
516 & 522 Broadway STREET W, Yorkton, SK S3N 0P5
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+1(306) 652-2882
$7,900,000
Est. payment /mo
21,261 SqFt
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Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 21,261 sqft

Price per Sqft $371

MLS Listing ID SK020219

Year Built 1973

Annual Tax Amount $65,978

Tax Year 2025

Lot Size 2.090 Acres

Acres 2.09

Property Sub-Type Mixed Use

Source Saskatchewan

Property Description

Exceptional Mixed-Use Revenue Property – Prime Location in West Yorkton - An outstanding investment or owner-operator opportunity! This 2.09-acre commercial property offers three revenue-generating components—a well-established, highly profitable restaurant, two modern residential suites, and a leased 4-bay heated warehouse. Located in a high-traffic area beside the Painted Hand Casino and across from the Gallagher Centre, the property is home to the iconic Melrose Place Family Restaurant (9,869 sq. ft.). In operation for 47 years, including 26 at this location, the restaurant features a licensed dining area, bar/lounge, VLT room, modern commercial kitchen, rooftop HVAC, and recent upgrades including a new roof and kitchen equipment (2024). Significant growth potential exists through catering, banquet rentals, expanded hours, or delivery services. Attached to the restaurant are two high-quality residential suites totaling over 5,800 sq. ft., each with open-concept layouts, kitchens with islands, in-suite laundry, gas fireplaces, elevator access, and 4-bay heated garage is also included. At the rear of the property, a separate 4,000 sq. ft. heated warehouse adds further rental income and flexibility. The site includes 80+ parking stalls and is fully equipped with high-capacity electrical service, making it ideal for year-round operation. Whether you're expanding a portfolio or looking for a turnkey business with additional income, this rare property delivers location, stability, and opportunity in one package.

Location

Province SK

Community West Yo

Interior

Heating Air Conditioning, Electric, Floor Model Furnace, Radiant Heat, Roof Top H/Vac

Cooling Air Conditioning, Electric, Floor Model Furnace, Radiant Heat, Roof Top H/Vac

Exterior

Garage Spaces 84.0

Fence None

Amenities Available Alarm System Owned, Anchor Tenants, Floor Drains, Interior Space, Onsite Parking, Store Front

Topography Flat

Total Parking Spaces 84

Building

Sewer Attached to Municipal

Structure Type Mixed

Others

Ownership Freehold

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Listed by RE/MAX Blue Chip Realty
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516 & 522 Broadway STREET W

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