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BrokerStudio
Suite of tools & services
Benefits
Asking Price
$1,999,900
Cap Rate 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.
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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)
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
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 Furniture, Fixtures & Equipment that remain with the business.
Not Included
Inventory Value - approximate 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 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.
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NOI Net Operating Income equals all revenue from the property, minus all reasonably necessary operating expenses.
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Gross Revenue- annual
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Cash Flow - annual
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 Earnings Before Interest, Taxes, Depreciation, Amortization.
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Premises Size (square feet)
15,162
Other Information
Owner willing to Finance
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Absentee Owner
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Support and Training
Not Included
Growth and Expansion
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Market Competition
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