Added 7 months ago
-
Type: Commercial/Retail
-
Property Type: Commercial
-
Business Type: Retail Store Related
-
Zoning: C1, COMMERCIAL
-
Age: 31-50 years
-
Taxes: 13127.52
-
MLS®#: X8242342
-
Days on Site: 57 Days
-
Added: Apr 17, 2024 (7 months ago)
-
Updated:
-
Last Checked: 6 hours ago
-
Listed By: COLDWELL BANKER INTEGRITY REAL ESTATE INC.
Location! Location! Location! Busiest intersection in the growing Town of Strathroy. Fantastic opportunity to own property & business. Perfect as a family-run business, new immigrants or add this flagship gem to your portfolio. Put down a 25% deposit and take advantage of the interest only VTB of 75% @ 5.25% for 2 years. Currently under absentee ownership. Manager runs site. Ultramar Gas, ON the RUN store & Mr. Sub franchise. Newly re-opened site, New Fuel/brand contract. New Lotto. New ATM. New back office system. New Smart-Safe. Development completed July 2023. 1.5 HRS from GTA. Open 24 Hours. Built as new in 2018/2019, with new double tanks & piping, new dispensers, Veederoot (monitoring system). Clean Phase II environmental report, completed in June 2021. Pre-pandemic (2019) fuel sales of 4.1 M litres of diesel and gas sales, currently 2.5 M litres. Pre-pandemic (2019) store sales of $1.5 M, currently $700K - Mr. Sub sales $300K per annum. Options for the new owner: Convert the office back into an apartment, Get ready for beer sales by converting the area beside counter into a Cold Vault. Add apartments above existing building.
Extras
Buyer to assume Mr. Sub franchise as part of the sale. Buyer to purchase store inventory. Additional information available upon signing confidentiality agreement. Buyer to assume on site equipment leases, if any.
Property
Status: Sale
Type: Retail Store Related
Property Type: Commercial/Retail
Property Type: Multi-Use
Age: 31-50
Area: Strathroy-Caradoc
Availability Date: 60 days
Inside
Bathrooms: 1
Air Conditioning: Y
Washrooms: 1
Utilities
Utilities: Yes
Building
Basement: N
Heat Type: Gas Forced Air Closd
Elevator: None
UFFI: No
Energy Certificate: N
Green Verification Status: N
Freestanding: Y
Outside Storage: N
Water Supply: Municipal
Parking
Garage Type: None
Covered Parking Spaces: 8
Fees
Tax Year: 2023
Tax Legal Description: PT LT 10 & 11, EAST OF CARADOC ST, 34PL93, CONT'D
Taxes: $13,128
Taxes Type: Annual
Land
Cross Street: CARADOC ST.
Municipality District: Strathroy-Caradoc
Parcel Number: 085990015
Sewer: San+Storm Avail
Lot Depth: 102 Feet
Lot Frontage: 98 Feet
Lot Irregularities: 66X17X56X90X54X98X102
Zoning: C1, COMMERCIAL
Shipping Doors
Clearing Height (ft): 9
Commercial Specific
Number of Employees: 12
Rail: N
Retail Area: 2635
Retail Area Metric: Sq Ft
Sprinklers: N
Total Area: 0.32
Total Area Metric: Acres
Hours Open: 24
Area Influence: Major Highway
Area Influence: Public Transit
Days Open: 7
Franchise: Y
Lot Code: Lot
Soil Test: Y
LLBO: 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