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172 King St

6,500 SF 100% Leased Retail Building London, ON N6A 1C6 $1,500,000 CAD ($231 CAD/SF)

Investment Highlights

  • Close to many amenities.
  • Zoning permits an extensive range of options.
  • Located in downtown London.

Executive Summary

This exceptional three-story building boasts a prime location in the heart of the city, just one block away from the bustling market and the renowned Budweiser Gardens. With meticulous attention to detail, the property has been entirely rebuilt to ensure the utmost in quality and functionality.
On the main floor, you'll discover a thriving restaurant that comes complete with a charming street patio, offering patrons a delightful dining experience. The restaurant's track record of success underscores its appeal to both locals and visitors alike, making it a lucrative investment opportunity.
As you ascend to the second and third floors, you'll find two spacious 2000 sq ft lofts that can be adapted for either residential or commercial use. These versatile spaces provide endless possibilities for creative entrepreneurs and those seeking modern, urban living.
The top-level luxury loft is a standout feature of the property, featuring vaulted ceilings adorned with portal windows and elegant steel beams. This unique space offers an unparalleled living or business environment, making it a true gem within the building.
The flexibility of the units allows the buyer to set their own rents or personally occupy them, giving you complete control over the property's potential income. Additionally, with a 4 percent financing option available, this property presents an attractive investment opportunity for those seeking to capitalize on the proven track record of successful business results associated with this exceptional building. Don't miss the chance to own a piece of prime real estate in this vibrant and thriving city.

Property Facts

Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
6,500 SF
Building Class
C
Year Built
1900
Price
$1,500,000 CAD
Price Per SF
$231 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
3 Stories
Building FAR
2.91
Land Acres
0.05 AC
Zoning
RE - The zoning permits an extensive range of options from residential to commercial… 4 percent financing available
Frontage
31 ft on Richmond Street
Walk Score ®
Walker's Paradise (97)
Transit Score ®
Excellent Transit (73)
Bike Score ®
Very Bikeable (84)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

Nearby Major Retailers

Tim Hortons
The Works Craft Burgers & Beer
RBC Royal Bank
Wild Wing
Mr. Sub
Scotiabank
Moxies
Coffee Culture
Crabby Joes
National Bank Financial
  • Listing ID: 28289431

  • Date on Market: 2023-04-21

  • Last Updated:

  • Address: 172 King St, London, ON N6A 1C6

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