398 Richmond Street, London East, Ontario N6A 3C7

Listed for:
$999,999
0 beds
0 baths
Listed 27 days ago
398 Richmond Street, London East, Ontario N6A 3C7

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About

Cross Streets: Richmond and Dundas. ** Directions: East side of Richmond St south of Dundas St. An opportunity like this doesn't come around often. Own the building and the business in one of the city's most dynamic, high traffic locations offered as the current owner prepares for retirement after decades of success. Perfectly positioned just steps from Fanshawe College, Dundas Place, Budweiser Gardens, and Covent Garden Market, this standout three storey mixed use property delivers the ultimate blend of visibility, versatility, and income potential. At street level, a thriving 1,330 sq ft convenience store anchors the property, a well established, owner operated convenience store business since 1997 with strong goodwill and a loyal customer base. Included in the sale (inventory extra), this turnkey operation offers immediate cash flow from day one. Above, two spacious 3-bedroom residential units provide excellent rental income potential in a location tenants actively seek. Zoning allows for a wide range of uses retail, cafe, restaurant, bar, or personal services giving you the flexibility to evolve the space as you grow. Live, work, and invest all under one roof. Rent out both apartments and the commercial space for maximum returns, or move into one unit while the rest of the property pays for itself. This is more than a property, it's a proven income generator in a prime downtown location. (id:27476)

Property Highlights

MLS® Number
X13030498
Type
Business
Community Name
East K
Land Size
24.05 x 54.51 FT

Building

Square Footage
3203 sqft
Fireplace Present
No
Basement Type
Basement Features
Building Heating Type
Forced air
Heating Fuel
Natural gas
Building Cooling Type
Fully air conditioned

Utilities

Water
Municipal water

Location

Learn more about this property
Listing provided by:
ROYAL LEPAGE TRILAND REALTY
MLS® number:
X13030498
Agent:
Satyam Prashar
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Street Spotlight - For sale