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24 S Main St 3,089 SF Retail Building London, OH 43140 $512,400 CAD ($165.88 CAD/SF)
Investment Highlights
- Beautifully renovated, move-in ready, commercial retail building that could also be an office, or other uses.
- Located in the Historic District of downtown London in proximity to significant redevelopment including renovated apartments and new storefronts.
- Roof and furnace have been replaced in the last 10 years. The entire property was gutted and renovated in 2012.
- Hardwood floors throughout.
- Lots of natural lights via skylights and large storefront windows.
- The space is equipped with ceiling fans throughout, a sound system, ADT security, and is well insulated.
Executive Summary
24 South Main Street is an Commercial Retail Storefront in the heart of Downtown London Ohio. London has begun its transformation with hundreds of thousands of dollars being invested in the Downtown Core. This building would make an excellent owner-user or investment property with a Pro Form Cap Rate of 7+% (See Marketing Package).
The property has been well maintained, has an abundance of natural light via large storefront windows and skylights, and was completely renovated in 2012.
The property has been well maintained, has an abundance of natural light via large storefront windows and skylights, and was completely renovated in 2012.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,089 SF
Building Class
C
Year Built/Renovated
1920/2012
Price
$512,400 CAD
Price Per SF
$165.88 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
1.00
Lot Size
0.07 AC
Frontage
22’ on Main St
Amenities
- Security System
- Signage
- Skylights
- Storage Space
- Air Conditioning
Fairly walkable
40/100
Moderately drivable
70/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 31-01470.000 | Improvements Assessment | $20,862 CAD |
| Land Assessment | $5,949 CAD | Total Assessment | $26,811 CAD |
Property Taxes
Parcel Number
31-01470.000
Land Assessment
$5,949 CAD
Improvements Assessment
$20,862 CAD
Total Assessment
$26,811 CAD
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24 S Main St
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