419 Richmond St, LONDON

$699,999

0 Beds
0 Baths
0 Sqft
0 Acres
0 Garages

Turn-key mixed use commercial/residential property in the heart of Downtown London. Located on Richmond St., near Dundas St. in a high visibility building with great street presence. Exposure to thousands of cars each day and pedestrian traffic along the new Dundas Place Flex Street. Main floor retail space, approx. 400 square feet leased to Nails Enprive for 3 years, lease expiring on April 30, 2022. Two residential apartments have been updated and are rented at $1,500 and $795 per month. Shared laundry facilities onsite. Net operating income of $31,497-Year 1, $32,697-Year 2 and $33,897-Year 3. Excellent return on investment. Copy of commercial lease and income and expense statements available upon request. Just around the corner from Budweiser Gardens and Fanshawe College-Downtown Campus. Ample public parking nearby. Illuminated sign band included. Brand new furnace and central air servicing retail unit. Do not miss this opportunity to build your real estate portfolio!

Essential Information
MLS® #196188
Price$699,999
Bathrooms0.00
Acres0.00
TypeCommercial
Sub-TypeBuilding and Land
StatusActive
Community Information
Address419 Richmond St
AreaE
CityLONDON
CountyLondon
ProvinceON
Postal CodeN6A 3C8
Amenities
UtilitiesAvailable
Features

Laundry Facilities, Public Washrooms, Window Display

Interior
HeatingForced Air-Gas
Has BasementYes
Exterior
ExteriorConcrete Block
Lot DescriptionUnder .5 Acre
RoofFlat
FoundationBrick
Listing Details
OfficeCENTURY 21 FIRST CANADIAN CORP
LISTING MAP

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