Added 4 months ago
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Type: Commercial/Retail
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Property Type: Commercial
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Business Type: Hospitality/Food Related
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Zoning: C-1
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Age: 16-30 years
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Taxes: 6600
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MLS®#: X9239619
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Days on Site: 34 Days
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Added: Aug 03, 2024 (4 months ago)
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Updated:
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Last Checked: 1 hour ago
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Listed By: BLUE FOREST REALTY INC.
Investors, take note of this incredible opportunity presented by a commercial/residential building! Located in a prime spot near the downtown core, this property in the thriving Town of Strathroy holds immense potential. Boasting nearly 6000 sq ft of commercial space and 12 parking spaces, it offers a significant advantage for those looking to own an income-generating property. The main floor features 12 ft ceilings with fire-rated drywall and is currently operating as a restaurant. However, it can easily be transformed into a personal care service, pharmacy, medical clinic, club, event hall, and more. Constructed approximately 18 years ago, the property also includes a separate entrance leading to a 2100 sq ft apartment. This apartment comprises 4 bedrooms, 2 baths, a living room, updated flooring, its own heating and cooling system, and a spacious patio that has the potential to generate $2800 to $3000 per month. With two separate entrances on the main floor, there is even an opportunity to partition a section of the building for additional income potential. Additional features of the property include an 8 x 14 walk-in cooler, ample storage, all-new electrical wiring (3 phase 120V/208V), and a split A/C-heat pump system that serves the main floor. For more information, please reach out to me directly.
Property
Status: Sale
Type: Hospitality/Food Related
Property Type: Commercial/Retail
Property Type: Multi-Use
Age: 16-30
Area: Strathroy-Caradoc
Community: SW
Assessment Amount: $331,000
Assessment Year: 2024
Inside
Air Conditioning: Y
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Forced Air Open
Energy Certificate: N
Freestanding: Y
Outside Storage: Y
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 12
Fees
Tax Year: 2024
Tax Legal Description: LT 97, 34PL104 ; STRATHROY
Taxes: $6,600
Taxes Type: Annual
Land
Cross Street: Caradoc St S
Municipality District: Strathroy-Caradoc
Parcel Number: 096100049
Sewer: Storm
Lot Depth: 132.34 Feet
Lot Frontage: 66.17 Feet
Zoning: C-1
Additional Media
- Virtual Tour: http://tours.clubtours.ca/vtc/346126
Commercial Specific
Retail Area: 5357
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 7463
Total Area Metric: Sq Ft
Office Size: 2106
Office Size Metric: Sq Ft
Franchise: N
Crane: N
Lot Code: Building
Survey: N
Caradoc North School
Elementary: PublicSt Vincent de Paul Separate School
Elementary: CatholicJ. S. Buchanan French Immersion Public School
Elementary: PublicOur Lady Immaculate School
Elementary: CatholicNorth Meadows Elementary School
Elementary: PublicMary Wright Public School
Elementary: PublicNorth Middlesex District High School
Secondary: PublicGlencoe District High School
Secondary: PublicHoly Cross Catholic Secondary School
Secondary: CatholicSt. Andre Bessette Secondary School
Secondary: CatholicSt Thomas Aquinas Secondary School
Secondary: CatholicStrathroy District Collegiate Institute
Secondary: Public
