396-398 RICHMOND ST new Save Request In-Person Tour Request Virtual Tour
London,ON N6A 3C7
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 3,330 sqft
Price per Sqft $330
MLS Listing ID X11899389
Annual Tax Amount $9,287
Tax Year 2024
Property Description
Property with existing convenience store business for sale, inventory is extra. Owner operating the convenience store business on main floor since 1997, now retiring. Recently added Liquor license, great potential to improve the business. Very busy core downtown location with high walk in traffic. Walking distance to Dundas Place, Budweiser Gardens, Covent Garden Market, Fanshawe Downtown Campus. It's a 3 story building with unfinished full basement. Total Building Area: Approx. 3330 SF; Main Floor Convenience Store: Approx. 1330 SF, 2nd Floor 3 Bed Apartment: approx.1000 SF, 3rd Floor 3 Bed Apartment: approx.1000 SF., Site area: 0.03 acres (Lot 24.05 Ft x 54.51Ft). Owner occupies the third level apartment, Second level apartment is currently rented. Property was partially renovated in 2004 & 2012. New flat roof singles installed in 2014. Priced reasonably to sell As Is. Some TLC may increase the property value drastically. City is taking active interest and helping to renovation projects and developing the downtown London. Buyer may make change in use of the main floor existing business, zoning permits wide range of commercial uses.
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Zoning DA1
Region East K
City Region East K
Rooms
Kitchen 0
Interior
Cooling Partial
Inclusions A List of equipment will be provided to buyer.
Exterior
Community Features Public Transit
Building
New Construction false
Others
Senior Community No