15500
$3,850,000
Prime Real Estate is pleased to present 571-575 Richmond Street, an incredible mixed-use investment opportunity in downtown London, ON. The property consists of six (6) commercial units and eight (8) one-bedroom apartments. The property is fully leased with a great commercial tenant mix including Marble Slab, Wok Box, Neads/Wants, and more! The property is ideally located in the heart of Richmond Row, offering strong walking traffic and making it an attractive location for prominent national and local businesses to call home. The residential apartments have an urban loft aesthetic and attract a premium tenant profile. The property currently generates a Net Operating Income of $230,544 which will continue to increase according to built-in escalations of the commercial leases. This opportunity appeals to a prudent investor looking to acquire a stable, well-maintained, high-profile investment with the opportunity to capitalize on raising rents both residentially and commercially as units turnover. Detailed financials and leases are available upon signing a confidentiality agreement. (id:50976)
Property Details
|
MLS® Number
|
40578333 |
|
Property Type
|
Office |
|
Amenities Near By
|
Hospital, Public Transit, Schools |
|
Communication Type
|
High Speed Internet |
|
Community Features
|
High Traffic Area |
|
Features
|
Visual Exposure |
|
Sign Type
|
Signband |
Building
|
Basement Type
|
Full |
|
Construction Material
|
Wood Frame |
|
Exterior Finish
|
Brick, Wood |
|
Stories Total
|
3 |
|
Size Exterior
|
15500.0000 |
|
Size Interior
|
15500 |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Land Amenities
|
Hospital, Public Transit, Schools |
|
Sewer
|
Municipal Sewage System |
|
Size Frontage
|
72 Ft |
|
Size Irregular
|
0.145 |
|
Size Total
|
0.145 Ac|under 1/2 Acre |
|
Size Total Text
|
0.145 Ac|under 1/2 Acre |
|
Zoning Description
|
Bdc(1) |
Utilities
|
Electricity
|
Available |
|
Natural Gas
|
Available |
https://www.realtor.ca/real-estate/26805482/571-575-richmond-street-london
