396-398 RICHMOND Street, London | Image 1

396-398 RICHMOND Street

London, East K

  • Commercial

$X,XXX,XXX
For Sale

Added 4 hours ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Convenience/Variety

  • Zoning: DA1

  • Age: No Data

  • Taxes: 9287.56

  • MLS®#: X11899389

  • Added: Dec 21, 2024 (4 hours ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: BIZPRO REALTY INC.

Property with existing convenience store business for sale, inventory is extra. Owner operating the convenience store business on main floor since 1997, now retiring. Recently added Liquor license, great potential to improve the business. Very busy core downtown location with high walk in traffic. Walking distance to Dundas Place, Budweiser Gardens, Covent Garden Market, Fanshawe Downtown Campus. It's a 3 story building with unfinished full basement. Total Building Area: Approx. 3330 SF; Main Floor Convenience Store: Approx. 1330 SF, 2nd Floor 3 Bed Apartment: approx.1000 SF, 3rd Floor 3 Bed Apartment: approx.1000 SF., Site area: 0.03 acres (Lot 24.05 Ft x 54.51Ft). Owner occupies the third level apartment, Second level apartment is currently rented. Property was partially renovated in 2004 & 2012. New flat roof singles installed in 2014. Priced reasonably to sell As Is. Some TLC may increase the property value drastically. City is taking active interest and helping to renovation projects and developing the downtown London. Buyer may make change in use of the main floor existing business, zoning permits wide range of commercial uses.

Property

  • Status: Sale

  • Type: Convenience/Variety

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Area: London

  • Community: East K

  • Availability Date: Flexible

Inside

  • Air Conditioning: Part

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Tax Legal Description: PT LT 10 , S/W DUNDAS STREET , AS IN 548951 ; S/T THE RIGHTS OF

  • Taxes: $9,288

  • Taxes Type: Annual

Land

  • Cross Street: RICHMOND+DUNDAS

  • Municipality District: London

  • Parcel Number: 083210070

  • Lot Depth: 54.51 Feet

  • Lot Frontage: 24.06 Feet

  • Zoning: DA1

Commercial Specific

  • Number of Employees: 1

  • Retail Area: 1200

  • Retail Area Metric: Sq Ft

  • Total Area: 3330

  • Total Area Metric: Sq Ft

  • Hours Open: 6-9

  • Area Influence: Public Transit

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 1

  • Business/Building Name: Richmond Magazine & Variety

  • Financial Statement: N

  • LLBO: Y

Map of 396-398 RICHMOND Street, London
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