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$1,600,000
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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision East H
MLS Listing ID X12116400
Annual Tax Amount $13,687
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
Introducing 1622 Dundas Street, London a rare and lucrative commercial opportunity in one of the citys most high-traffic corridors. THIS SALE INCLUDES THE LAND, THE STANDALONE COMMERCIAL BUILDING, AND THE FULLY OPERATIONAL RESTAURANT BUSINESS. The restaurant has been a local staple for over 80 years and currently produces an impressive $2.4 MILLION IN ANNUAL REVENUE VOLUME, offering immediate income potential for the right buyer. The building measures approximately 40 FT X 86 FT and sits on a prime road-facing lot with excellent exposure on Dundas Street. Zoned for a range of commercial uses, this property holds strong development potential, with preliminary discussions indicating city support for a future proposal to build up to 83 residential units with commercial space at grade. Ideal for investors, developers, or business owners seeking a strategic location in a high-demand area. Whether you choose to continue the well-established restaurant operation or redevelop the site to fit your vision, the possibilities are endless. Don't miss this chance to own a valuable piece of commercial real estate that includes everything: LAND, BUILDING, AND A THRIVING BUSINESS ALL IN ONE PACKAGE. PLEASE DO NOT GO DIRECT TO THE LOCATION WITHOUT AN APPOINTMENT. Contact us today to book your private showing and explore this incredible opportunity. **** Try and ask to lease the restaurant alone..! ***
Location
Province ON
County Middlesex
Community East H
Area Middlesex
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 116.75
Others
Security Features No
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Listed by CENTURY 21 FIRST CANADIAN CORP
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "