1544 Dundas Street London, Ontario N5W 3C1
$1,299,000
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. (id:51356)
Property Details
| MLS® Number | 40506672 |
| Property Type | Office |
| Amenities Near By | Public Transit, Schools |
| Parking Space Total | 10 |
Building
| Basement Type | Full |
| Constructed Date | 1978 |
| Exterior Finish | Brick, Concrete, Metal |
| Fire Protection | Security System |
| Stories Total | 1 |
| Size Exterior | 3374.0000 |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Schools |
| Sewer | Municipal Sewage System |
| Size Depth | 115 Ft |
| Size Frontage | 50 Ft |
| Size Total Text | Under 1/2 Acre |
| Zoning Description | Asa4 |
Utilities
| Electricity | Available |
| Natural Gas | Available |
| Telephone | Available |
https://www.realtor.ca/real-estate/26227650/1544-dundas-street-london
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November 27 2023 02:30:17
London and St. Thomas Association of REALTORS®
Century 21 First Canadian Corp., Brokerage
