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Office Building For Sale at 724 YORK Street in London, Ontario

4 Sale ID #172212
Updated 01 May 2024

Asking Price

$1,999,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

Lot Size

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Building Size

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Premise Summary

Introducing a remarkable opportunity to own a two-story commercial building in the heart of London! Boasting over 15,000 sq ft of versatile space, with 40 parking spots, this property is a rare gem for discerning investors and business owners. Located near the Western Fair District, this building enjoys maximum visibility and foot traffic. It's strategically positioned for success in this vibrant commercial area. With over 10,000 square feet of usable space spread above grade, as well as a fully useable basement, this property offers an expansive canvas for your business endeavors. The layout allows for flexible customization to suit a wide range of businesses and industries. The exterior has been recently refreshed and blends classic elements with modern aesthetics, creating an inviting and distinguished facade that sets it apart from the surrounding structures. Easy access is assured, with major transportation hubs, public transit, and a large parking area on site. This convenience ensures that both employees and customers can reach the building with ease. Surrounding the property are a plethora of amenities including restaurants, cafes and cultural attractions. This dynamic environment fosters a vibrant atmosphere that can significantly enhance your organization's visibility and appeal. The downtown location and ample parking space make this building a solid investment with potential for high rental yields or long-term appreciation. It offers an excellent opportunity for businesses looking to establish or expand their presence in London. Don't miss out on this incredible opportunity to own a piece of London's thriving commercial landscape. Contact us today to schedule a viewing and take the first step towards realizing your business's full potential. (id:39198)

  • MLS® : #40500434
  • Date Listed : 18 Oct 2023

Location

Province

Ontario

City

London

Address

724 York Street

Postal Code

N5W2S8

Location Highlights

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Listed by

THRIVE REALTY GROUP INC. Ontario listing

Category

office-buildings

Property Information

Premise Status

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With Accommodation

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Tenancy

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Lot Size

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Available Space

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Building Size

15,162

Year Built

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Years Remaining in Current Lease Term

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Renewal Options

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Operational Information

Number of Working Owners

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Current Owner - years

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FF & E help Furniture, Fixtures & Equipment that remain with the business.

Not Included

Inventory Value - approximate help Consumable items the restaurant sells or uses such as food, beverages, cleaning supplies, etc.

Not Included

Franchise

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Financial Information

Yearly Rate

$1,999,900

Asking Price

$1,999,900

Cap Rate help The capitalization rate is the rate of return on a real estate investment property based on the income that the property is expected to generate.

N/A

NOI help Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.

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Gross Revenue- annual

N/A

Cash Flow - annual help 1 Take your “Net Income before Taxes”, then,
2 Add up all payments to: owners + interest + allowances for asset depreciation.
3 ADD together 1 + 2 = CASH FLOW (aka Seller’s Discretionary Earnings)

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EBITDA help Earnings Before Interest, Taxes, Depreciation, Amortization.

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Premises Size (square feet)

15,162

Other Information

Owner willing to Finance

N/A

Absentee Owner

N/A

Support and Training

Not Included

Growth and Expansion

N/A

Market Competition

N/A


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