675 YORK Street, London | Image 1

675 YORK Street

London, East L

  • Commercial

$X,XXX,XXX
For Sale

Added 5 months ago

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  • Type: Sale Of Business

  • Property Type: Commercial

  • Zoning: RSC2 RSC4(26) RS

  • Age: No Data

  • Taxes: 37637.57

  • MLS®#: X8382380

  • Days on Site: 126 Days

  • Added: May 10, 2024 (5 months ago)

  • Updated:

  • Last Checked: 4 hours ago

  • Listed By: PRIME REAL ESTATE BROKERAGE

Prime Real Estate is pleased to present 675 York Street, a 36,389 SF industrial investment or owner-occupier opportunity near downtown London. The Property sits on just over 2 acres with a 1+ acre fenced yard. RSC 2, 4(26), and 5, offer a broad range of permitted uses. 11,270 SF is occupied by a major telecom carrier providing bonus income through a Managed Services Agreement. With conservative assumptions, this property offers a going-in cap rate of 8.50%+. Recent upgrades include a new roof over part of the building, 2 industrial generators costing over $1M, completely upgraded building controls, and fire sprinklers/suppression. 25,119 SF and the fenced yard is vacant with the majority having an 18'6" clear height. Full data room access is available upon the completion of a confidentiality agreement.

Property

  • Status: Sale

  • Property Type: Sale Of Business

  • Property Type: With Property

  • Area: London

  • Community: East L

  • Availability Date: See remarks.

  • Assessment Amount: $1,650,000

  • Assessment Year: 2016

Building

  • Basement: Y

  • Elevator: None

  • Outside Storage: Y

  • Water Supply: Municipal

  • Volts: 600

Parking

  • Garage Type: None

Fees

  • Tax Year: 2023

  • Tax Legal Description: See comments.

  • Taxes: $37,638

Land

  • Cross Street: Property is on the

  • Municipality District: London

  • Parcel Number: 083100036

  • Sewer: Sewers

  • Lot Frontage: 480 Acres

  • Lot Irregularities: 225.91 ft x 9.69 ft x

  • Zoning: RSC2 RSC4(26) RS

Commercial Specific

  • Rail: N

  • Total Area: 36389

  • Total Area Metric: Sq Ft

  • Industrial Area Size: 36389

  • Area Influence: Public Transit

  • Crane: N

Map of 675 YORK Street, London
JK-8

Trafalgar Public School

Elementary: Public
1.42 km
JK-8

Aberdeen Public School

Elementary: Public
0.61 km
5-8

St Mary School

Elementary: Catholic
0.15 km
4-8

Lester B Pearson School for the Arts

Elementary: Public
1.24 km
JK-8

St. John French Immersion School

Elementary: Catholic
1.03 km
K-8

Lord Roberts Public School

Elementary: Public
1.11 km
9-12

G A Wheable Secondary School

Secondary: Public
1.79 km
9-12

B Davison Secondary School Secondary School

Secondary: Public
1.19 km
9-12

London South Collegiate Institute

Secondary: Public
2.29 km
9-12

London Central Secondary School

Secondary: Public
1.38 km
9-12

Catholic Central High School

Secondary: Catholic
0.94 km
9-12

H B Beal Secondary School

Secondary: Public
0.55 km
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