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419 Richmond St 1,375 SF 100% Leased Retail Building London, ON N6A 3C8 $595,800 CAD ($433.31 CAD/SF) 4.75% Cap Rate



INVESTMENT HIGHLIGHTS
- Turn-key mixed use commercial/residential property in the heart of Downtown London.
- Prime location with ample public parking available.
- High visibility building with great street presence and high foot traffic!
EXECUTIVE SUMMARY
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. Two residential apartments have been updated and are rented at$1,700 and $1200 per month. Shared laundry facilities on-site. Just around the corner from Budweiser Gardens and Fanshawe College Downtown Campus. Ample public parking nearby. Excellent return on investment. Copy of commercial lease and income and expense statements available upon request. Do not miss this opportunity to build your real estate portfolio!
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
1,375 SF
Building Class
C
Year Built
1868
Price
$595,800 CAD
Price Per SF
$433.31 CAD
Cap Rate
4.75%
NOI
$28,305 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
4 Stories
Building FAR
3.15
Lot Size
0.01 AC
Zoning
DA1 - Downtown Area
Frontage
17’ on Richmond St
AMENITIES
- Signage
Walk Score®
Very Walkable (80)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (86)
NEARBY MAJOR RETAILERS
1 of 4
VIDEOS
MATTERPORT 3D EXTERIOR
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419 Richmond St
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