398 Richmond Street, London | Image 1

398 Richmond Street

London, East K

  • Commercial

$XXX,XXX
For Sale

Added 6 days ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Business Type: Convenience/Variety

  • Zoning: Commercial

  • Age: No Data

  • MLS®#: X9396325

  • Added: Oct 15, 2024 (6 days ago)

  • Updated:

  • Last Checked: 1 hour ago

  • Listed By: BIZPRO REALTY INC.

Convenience store business for sale on a very busy downtown location. High walk in traffic. current owners are retiring after 27 years. Lots of potential to add on and improve the business revenue. New residential apartment conversions approved in the area. Recently added liquor. Current avg weekly sale $7000(Cig50%) , lotto comn $1800/Mth, ATM comn $400/Mth. Brand new lease 5+5 with very reasonable gross rent $3000/Mth + hst. Ideal family business. Possibility of renting upstairs apartment.

Extras

All Business Numbers Are As Per Seller, Listing Broker Has Not Verified Accuracy, Buyers Are Welcome To Perform Due Diligence.

Property

  • Status: Sale

  • Type: Convenience/Variety

  • Property Type: Sale Of Business

  • Property Type: Without Property

  • Area: London

  • Community: East K

  • Availability Date: TBA

Inside

  • Air Conditioning: Y

Building

  • Basement: Y

  • Heat Type: Gas Forced Air Closd

  • Water Supply: Municipal

Parking

  • Garage Type: None

Fees

  • Tax Year: 2024

  • Taxes Type: Annual

Land

  • Cross Street: Richmond+Dundas

  • Municipality District: London

  • Parcel Number: 083210070

  • Zoning: Commercial

Commercial Specific

  • Number of Employees: 1

  • Retail Area: 1330

  • Retail Area Metric: Sq Ft

  • Hours Open: 6-9

  • Days Open: 7

  • Franchise: N

  • Tangible Property Included: Y

  • Lot Code: Lot

  • Seats: 1

  • Business/Building Name: Richmond Magazine & Variety

  • Financial Statement: N

  • LLBO: N

Map of 398 Richmond Street, London
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