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$ 1,400,000
Est. payment /mo
Active
446 York ST London, ON N6B 1R2
UPDATED:
01/23/2025 01:20 PM
Key Details
Property Type Commercial
Sub Type Investment
Listing Status Active
Purchase Type For Sale
Subdivision East K
MLS Listing ID X10874942
Annual Tax Amount $21,123
Tax Year 2024
Property Sub-Type Investment
Property Description
This single tenant insurance investment opportunity is a premium quality medical facility in the core area with high-end medical-office-building standard finishes throughout. The 3,800 SF single-storey building was stripped to the exterior shell and totally re-built in 2022-2023 with a renovation cost of approximately $1,760,000. Renovations included new HVAC system with individual temperature settings per room, multiple staff & patron washrooms, key fob alarm system on all doors throughout the facility, commercial grade vinyl flooring, 400 Amp electrical, fenced asphalt paved parking at the front of the building for 8 vehicles and LED light poles. RSC zoning allows a wide variety of service commercial uses in addition to the current medical use. The investment is secured by a 10 year fully Net Lease expiring in 2031 with 2 x5 year renewal options.
Location
Province ON
County Middlesex
Community East K
Area Middlesex
Zoning Rsc2 RSC4 (28) H224
Interior
Cooling Yes
Exterior
Community Features Public Transit
Utilities Available Yes
Lot Frontage 60.45
Lot Depth 156.4
Others
Security Features No
Listed by CBRE LIMITED