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$ 45,000
Est. payment /mo
Price Dropped by $25K
394 Clarence ST #100 London East, ON N6A 3M6
2 Baths
1,850 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Sale Of Business
Listing Status Active
Purchase Type For Sale
Square Footage 1,850 sqft
Price per Sqft $24
Subdivision East K
MLS Listing ID X13111552
Annual Tax Amount $27,857
Tax Year 2025
Lot Size 1850.000 Acres
Property Sub-Type Sale Of Business
Property Description
FINE ART- LOCATION! Business for sale in a prime Downtown London location on 394 Clarence St Unit #100 with excellent exposure and strong pedestrian traffic, featuring 2 offices and 2 bathrooms with a total area of 1,850 sq ft. Flexible DA1 zoning permits a wide range of uses including retail, restaurant, café, food service, personal service, office, medical/professional, and entertainment. Current rent is $2000/month with water included. Utilities are approximately $150/month. Insurance is approximately $200/month, keeping operating costs low and margins strong., Remaining lease runs until Feb 28, 2027, with a 3-5 year renewal option available. All existing equipment and fixtures are included. A rare change to step into a profitable, well-located business with excellent growth potential n one of London's most vibrant and ought-after commercial strips. Buyer is not required to continue the current franchise or brand, allowing flexibility to rebrand or introduce a new concept, subject to landlord approval and applicable requirements. Approximate total monthly overhead, including current services, is ONLY $2350.
Location
Province ON
County Middlesex
Area Middlesex
Zoning DA1
Interior
Cooling Yes
Inclusions All business equipment/chattels. Premium inventory- worth $20k included
Exterior
Parking Features In/Out
Utilities Available Available
Building
Building Age 31-50
Lot Description Unit
Lited by CENTURY 21 FIRST CANADIAN CORP