$7,900,000
FOR SALE

Business for Sale

Lot: 235 x 0 ft

516 & 522 Broadway Street W
Yorkton, SK S3N 0P5 | West YO

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. (id:47421)
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Listed By RE/MAX Blue Chip Realty
Data Provided By Saskatchewan REALTORS® Association
MLS® Listing Number SK020219
Last Updated Nov 12, 2025
Property Summary
Property Type Business For Sale

More like this:
Franchise Non-Franchise
Neighbourhood West YO
Price History

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Detailed Information
Lot 235 x 0 ft
Listing Contract Date 2025-10-07
Location Description 516 Broadway St W, Yorkton (Melrose Place Restaurant), 522 Broadway St W, Yorkton (Residence), 495 Lakeview Rd, Yorkton (Warehouse).
Ownership Type Freehold
Property Type Business
Transaction Type For sale
Business
Business Type Other
Building
Amenities Storefront
Constructed Date 1973
Heating Fuel Electric
Heating Type Furnace, Radiant heat
Size (Exterior) 19791 square feet
Land
Total Size 2.09 acres
Acreage Yes
Size of Irregular Land 2.09

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