370 Adelaide Street North, London | Image 1

370 Adelaide Street North

London, East A

  • Commercial

$300,000
For Sale

Added 3 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Automotive Related

  • Zoning: BDC(6) H36 D160

  • Age: 31-50 years

  • Taxes: 8074.85

  • MLS®#: X8344498

  • Added: May 16, 2024 (3 months ago)

  • Updated:

  • Last Checked: 2 hours ago

  • Listed By: THRIVE REALTY GROUP INC.

Located at the busy corner of Adelaide and King, this remarkable two-bay auto repair shop presents a prime opportunity for entrepreneurial ventures. With zoning permitting automotive sales alongside its repair services, this versatile establishment offers a rare blend of functionality and potential. Boasting ample convenience with 18 onsite parking spots and an attractive lease option, the business is primed for seamless operations. Embrace a turnkey solution with all essential equipment included, promising a smooth transition into ownership and a promising future in the automotive repair industry. Seamlessly transition into ownership with all essential equipment included, setting the stage for a lucrative venture in the thriving automotive market. (BUILDING AND LAND NOT FOR SALE)

Property

  • Status: Sale

  • Type: Automotive Related

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Age: 31-50

  • Area: London

  • Community: East A

  • Availability Date: Flexible

Inside

  • Bathrooms: 1

  • Air Conditioning: N

  • Washrooms: 1

Utilities

  • Utilities: Yes

Building

  • Basement: N

  • Heat Type: Radiant

  • Elevator: None

  • Water Supply: Municipal

Parking

  • Garage Type: Outside/Surface

  • Covered Parking Spaces: 18

Fees

  • Tax Year: 2023

  • Tax Legal Description: PART LOTS 4 & 5, EAST SIDE OF ADELAIDE ST., PLAN 2

  • Taxes: $8,075

  • Taxes Type: Annual

Land

  • Cross Street: Adelaide And King.

  • Municipality District: London

  • Lot Depth: 110 Feet

  • Lot Frontage: 53 Feet

  • Zoning: BDC(6) H36 D160

Commercial Specific

  • Number of Employees: 2

  • Retail Area: 2000

  • Retail Area Metric: Sq Ft

  • Sprinklers: N

  • Total Area: 2000

  • Total Area Metric: Sq Ft

  • Hours Open: 8-5

  • Area Influence: Public Transit

  • Days Open: 5

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Business/Building Name: Sams Auto Service

  • Financial Statement: N

  • LLBO: N

JK-8

Aberdeen Public School

Elementary: Public
0.71 km
5-8

St Mary School

Elementary: Catholic
0.19 km
JK-8

East Carling Public School

Elementary: Public
1.81 km
4-8

Lester B Pearson School for the Arts

Elementary: Public
1.48 km
JK-8

St. John French Immersion School

Elementary: Catholic
1.08 km
K-8

Lord Roberts Public School

Elementary: Public
0.86 km
9-12

G A Wheable Secondary School

Secondary: Public
1.99 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
1.42 km
9-12

London South Collegiate Institute

Secondary: Public
2.29 km
9-12

London Central Secondary School

Secondary: Public
1.14 km
9-12

Catholic Central High School

Secondary: Catholic
0.72 km
9-12

H B Beal Secondary School

Secondary: Public
0.33 km
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