Investment · For sale

478-484 Richmond Street, London East

$1.00

Listing brokerage: THRIVE REALTY GROUP INC. · MLS® X13853296

Listing brokerage

THRIVE REALTY GROUP INC.

Type

Investment

Deal

For sale

Category

Commercial · Investment and multi-residential

Size

11,078 sq ft

Lot

71.86 x 0 ft

Area

East F

MLS® number

X13853296

Description

Excellent opportunity to acquire a well-maintained 11,078 SF commercial property in the heart of downtown London at Richmond Street and Dufferin Avenue, overlooking Victoria Park. Zoned DA2 with on-site parking, the property permits a wide range of uses including retail, restaurants, offices, clinics, medical/dental, schools, art galleries, assembly halls and commercial recreation. The building is occupied by established tenants including Commonwealth Coffee, Stobie's Pizza, Roli Poli Ice Cream and Umiga Sushi, all secured on leases, while the vacant 5,777 SF second floor offers freshly updated office space ideal for an owner-user. Seller can provide a one year lease if desired. A strong opportunity for both owner-users and investors seeking a prominent downtown asset with existing income and long-term flexibility. Current NOI of $253,327.86