$248.39 Per Sq Foot $20,668 est/mo Sourced by Back At You

571 - 575 Richmond Street,London, ON N6A 3G2

London ON, N6A 3G2

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Description

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.

Details

MLS#40578333
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Days On Site24
Listing Provided ByPRIME REAL ESTATE BROKERAGE | Jamie Dodds

Features

SQ Feet15,500
BasementY
Story(s)3
ZoningBDC(1)
Acreage0.15
MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Information Technology of Southern Ontario MLS.

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Learn More About This Property

ProvinceON
CountyMiddlesex
CityLondon
Postal CodeN6A 3G2
AreaEast
SubareaEast F
Community NameEast F
Listing VS Median (in East F)
Price:
$3,850,000
low | high
Med:
$544,650
100% of Average
SqFt:
15,500
low | high
Med:
1,262
100% of Average
$ / SqFt:
$248
low | high
Med:
$436
25.669139833222% of Average
On Site:
24
low | high
Med:
55.5
43.243243243243% of Average
Sourced by Back At You
Listing Updated: April 26, 2024 at 12:06:39 PM PDT
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