$1,100,000
396-398 RICHMOND Street, London, ON N6A 3C7
East K, London,
Properties with this icon are courtesy of
TRREB.
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.
- HoldoverDays: 90
- Property Type: Commercial
- Property Sub Type: Sale Of Business
- Tax Year: 2024
- Cooling: Partial
- HeatType: Gas Forced Air Closed
- Building Area Total: 3330
- Building Area Units: Square Feet
- Parcel Number: 083210070
- LotSizeUnits: Feet
- LotDepth: 54.51
- LotWidth: 24.06
| School Name | Type | Grades | Catchment | Distance |
|---|---|---|---|---|
| {{ item.school_type }} | {{ item.school_grades }} | {{ item.is_catchment? 'In Catchment': '' }} | {{ item.distance }} |
