174 King Street, London | Image 1

174 King Street

London, East K

  • Commercial

$199,999
For Sale

Added 2 weeks ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Restaurant

  • Zoning: DA1(6)

  • Age: No Data

  • MLS®#: X11905497

  • Added: Jan 03, 2025 (2 weeks ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: EXP REALTY

Exceptional Opportunity to Open Your Own Restaurant at 174 King St, Downtown London, ON! For the first time in over 18 years, this iconic 3,400 SF restaurant space is available for sale in the heart of downtown London. Ideally situated amidst new development, including the "Aqui on King" high-rise and just steps from the Covent Garden Market, this prime location offers unmatched visibility and foot traffic. This fully-equipped space includes a 12-foot commercial hood, an 8x8ft walk-in cooler, tandoor oven, commercial dough mixer, deep fryer, 6-burner stovetop, 4-section electric buffet station, prep tables, and more. The recently renovated bar is complemented by a TRANSFERABLE liquor license, and the sale includes tables, chairs, and other essential equipment (full chattels list available in the documents tab). The lease, signed in 2024, is highly favorable with a 5-year term at $6,000 plus hst and utilities monthly. The space is licensed to accommodate up to 135 patrons, and an agreement with the parking lot across the street provides your customers with FREE parking. Additionally, two exclusive parking spots are included behind the building. Take advantage of the City of London CIP Incentives, offering grants and loans to support small businesses in the area. Don't miss this rare opportunity to establish your restaurant in one of the citys most sought-after locations. Chattels only sale!

Property

  • Status: Sale

  • Type: Restaurant

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: London

  • Community: East K

Inside

  • Air Conditioning: Y

Building

  • Basement: N

  • Heat Type: Elec Forced Air

  • Freestanding: N

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes Type: N/A

Land

  • Cross Street: Richmond St from Yor

  • Municipality District: London

  • Parcel Number: 083210064

  • Lot Depth: 60.1 Feet

  • Lot Frontage: 198.1 Feet

  • Zoning: DA1(6)

Commercial Specific

  • Retail Area: 3400

  • Retail Area Metric: Sq Ft

  • Total Area: 3400

  • Total Area Metric: Sq Ft

  • Hours Open: n.a

  • Area Influence: Public Transit

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Building

  • Seats: 135

  • Financial Statement: N

  • LLBO: Y

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Map of 174 King Street, London
JK-8

Victoria Public School

Elementary: Public
1.49 km
JK-8

St Georges Public School

Elementary: Public
1.71 km
JK-8

St Martin

Elementary: Catholic
1.52 km
JK-8

Tecumseh Public School

Elementary: Public
1.64 km
JK-8

St. John French Immersion School

Elementary: Catholic
1.34 km
K-8

Lord Roberts Public School

Elementary: Public
1.20 km
9-12

G A Wheable Secondary School

Secondary: Public
2.66 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
2.41 km
9-12

London South Collegiate Institute

Secondary: Public
1.60 km
9-12

London Central Secondary School

Secondary: Public
0.72 km
9-12

Catholic Central High School

Secondary: Catholic
0.89 km
9-12

H B Beal Secondary School

Secondary: Public
1.23 km
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