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MLS® 40506672

Overview

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $8,345
Lot Size 
Approx. Age 1978
MLS® Number 40506672

Property Address: 1544 Dundas St, London, ON, N5W3C1

Average square foot calculated using Size range provided by listing agent.

Description

Welcome to 1544 Dundas St., a noteworthy commercial plaza at Dundas and First St., where daily traffic exceeds 25, 000 vehicles. This prime corner property encompasses a spacious 5, 651.05 sq ft lot, with parking for up to 10 vehicles, offering a rare chance to acquire land, building, and a thriving business all in one. With a rich tenant history, including long-term stays by Money Mart since 1999, Liberty Tax, and various eateries, this location promises consistent foot traffic. Positioned close to national retailers such as Taco Bell, Rexall, and Shoppers Drug Mart, and within proximity to Fanshawe College, the plaza benefits from additional exposure and accessibility, further enhanced by a bus stop at its entrance. The lower unit, covering 1, 708 sq ft., is currently occupied by a reliable tenant, providing a stable income stream. The main floor, totaling 1, 639 sq ft., is in the process of being leased to a AAA net lease franchise restaurant, awaiting city rezoning and amendment application approval. Documentation is available upon request for prospective buyers. Boasting an approximate cap rate close to 5%, and with high potential for cash flow growth, this investment is a lucrative opportunity. Seller financing is a potential option, contributing to a smooth transaction. Don’t miss out – schedule a viewing today and explore the potential of investing in this prime East N, London location.Show Description
MLS® Number40506672
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1978
BasementFull
Driveway
Garage Spaces
Heat
A/C
Heating Fuel

Extras

Price History

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