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$2,200,000
Est. payment /mo
29,256 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Square Footage 29,256 sqft
Price per Sqft $75
Subdivision St. Thomas
MLS Listing ID X14123410
Annual Tax Amount $22,848
Tax Year 2025
Lot Size 0.672 Acres
Property Sub-Type Commercial Retail
Property Description
Ideal investment opportunity for this fully leased downtown commercial building. The front portion of the building is leased to Rudy's Burgers on a 10-year lease that commenced in July 2026, while the rear portion is leased to a cannabis store, also on a 10-year lease commencing in July 2026. Both leases are net leases at $25.00 per square foot, with annual increases over the 10-year lease period. The building offers a total of 3,433 square feet and sits on a 0.672-acre lot. The possibilities are endless, with potential for expansion of the existing building. Conveniently located just east of the busiest traffic intersection in the City of St. Thomas, the property is surrounded by established businesses, including McDonald's, KFC, LCBO, and Burger King, among others. The property is also located close to the new Volkswagen battery plant, which is currently under construction.Properties like this become available only once in a while. Don't miss your chance to invest in this exceptional opportunity!
Location
Province ON
County Elgin
Area Elgin
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 109.0
Lot Depth 219.0
Building
Building Age 31-50
Others
Security Features No
ParcelsYN No
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Listed by ROYAL LEPAGE TRILAND REALTY
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