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$ 1,299,000
Est. payment /mo
Active
474 Pall Mall ST London, ON N5Y 2Z4
4,486 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Store W Apt/Office
Listing Status Active
Purchase Type For Sale
Square Footage 4,486 sqft
Price per Sqft $289
Subdivision East F
MLS Listing ID X12072796
Building Age 100+
Annual Tax Amount $6,703
Tax Year 2024
Property Sub-Type Store W Apt/Office
Property Description
An incredible investment opportunity awaits with this meticulously maintained mixed-use building. Currently home to The Bag Lady Variety, a licensed 30-seat restaurant, the sale includes the business along with all chattels and fixtures, offering a seamless transition for a new owner. Above the restaurant, the property features two income-generating residential units: a 1-bedroom + office rented for $1,400/month (inclusive) and a 1-bedroom rented for $1,200/month (inclusive). A bonus owners loft on the upper level provides additional space. Recent updates include a new shingles (2020), furnace (2021), central air (2021), and water heater (2021), ensuring a hassle-free investment. With a projected annual rental income of $87,430, this property presents multiple possibilities continue operating The Bag Lady Variety with strong sales, introduce your own restaurant concept, or lease all units for a hands-off investment. Whether you're an entrepreneur looking for a turnkey business or an investor seeking strong rental income, this property is a rare opportunity to own a thriving asset in a prime location.
Location
Province ON
County Middlesex
Community East F
Area Middlesex
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 37.0
Lot Depth 80.0
Others
Security Features No
Virtual Tour https://tours.clubtours.ca/vtnb/355039
Listed by THRIVE REALTY GROUP INC.