120 Falcon Street, London | Image 1

120 Falcon Street

London

  • Commercial

$6,300,000
For Sale

Added 2 months ago

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  • Type: Industrial

  • Property Type: Commercial

  • Zoning: Light Industrial

  • Age: No Data

  • Taxes: 53000

  • MLS®#: X8141600

  • Days on Site: 39 Days

  • Added: Mar 14, 2024 (2 months ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: INTERNATIONAL REALTY FIRM, INC.

Golden Opportunity! Income producing property with future development expansion! Fully Leased! Roughly 6% CAP Rate , Approximately 42,900 Sq Ft existing building on 5.18 Acres lot with 2.41 Acres excess land for future development.Existing Building is currently multi-tenanted and well-maintained.The zoning is light Industrial which allows variety of uses.( Li1, Li3 & Li17 ) Owner got building permit for additional 29000 Sq Ft ready to be built.

Extras

Site Plan & Building permit is ready for additional 29000 Sq Ft to be built

Property

  • Status: Sale

  • Property Type: Industrial

  • Property Type: Multi-Unit

  • Area: London

  • Availability Date: TBA

Inside

  • Air Conditioning: N

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Gas Forced Air Open

  • Energy Certificate: N

  • Green Verification Status: N

  • Freestanding: Y

  • Outside Storage: N

  • Water Supply: Municipal

Parking

  • Garage Type: In/Out

Fees

  • Tax Year: 2023

  • Tax Legal Description: Broker remarks

  • Taxes: $53,000

  • Taxes Type: Annual

Land

  • Cross Street: Clarke & Trafalgar

  • Municipality District: London

  • Parcel Number: 081220225

  • Sewer: San+Storm

  • Lot Frontage: 260.65 Acres

  • Zoning: Light Industrial

Additional Media

  • Virtual Tour: https://sites.odyssey3d.ca/120falconstreet

Shipping Doors

  • Clearing Height (ft): 14

Commercial Specific

  • Rail: N

  • Retail Area: 42900

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 5.18

  • Total Area Metric: Acres

  • Industrial Area Size: 42900

  • Industrial Area Metric: Sq Ft

  • Lot Code: Building

  • Survey: Y

Map of 120 Falcon Street, London
JK-8

St Bernadette Separate School

Elementary: Catholic
1.06 km
JK-8

St Pius X Separate School

Elementary: Catholic
1.10 km
JK-8

St Robert Separate School

Elementary: Catholic
0.95 km
JK-8

Tweedsmuir Public School

Elementary: Public
0.95 km
K-8

Princess AnneFrench Immersion Public School

Elementary: Public
0.63 km
JK-8

Lord Nelson Public School

Elementary: Public
1.32 km
9-12

Robarts Provincial School for the Deaf

Secondary: Provincial
3.91 km
Pre-Grade 9-12

Robarts/Amethyst Demonstration Secondary School

Secondary: Provincial
3.91 km
9-12

Thames Valley Alternative Secondary School

Secondary: Public
2.85 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
3.91 km
9-12

John Paul II Catholic Secondary School

Secondary: Catholic
3.72 km
9-12

Clarke Road Secondary School

Secondary: Public
1.27 km