398 Richmond Street, London East (east K), Ontario

$885,000

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3,203

Square feet

About 398 Richmond Street

ONE PROPERTY. MULTIPLE INCOME STREAMS. PRIME DOWNTOWN LOCATION. An opportunity designed to get an investor's attention. This three-storey mixed-use property is ideally positioned just steps from Fanshawe College, Dundas Place, Budweiser Gardens, and Covent Garden Market, offering exceptional visibility, foot traffic, and long-term potential. The 1,330 sq. ft. main-floor commercial space is home to a well-established convenience store, successfully owner-operated since 1997, with strong goodwill and a loyal customer base. The business is listed separately and may be purchased with the building for the right buyer. Above are two spacious 3-bedroom residential units of approximately 1,093 sq. ft. and 963 sq. ft., providing additional rental income potential. With zoning allowing uses including retail, café, restaurant, bar, and personal services, the possibilities are broad. Three floors. Multiple revenue streams. One prime downtown address. Whether you're looking to maximize rental income, operate a business, or build a flexible investment portfolio, this property gives you the opportunity to do it all under one roof. (id:36535)

Features of 398 Richmond Street

Listing # X13660732
Price $885,000
Bathrooms 0.00
Square Footage 3,203
Acres 0.00
Type Retail

Community Information

Address 398 Richmond Street
Subdivision East K
City London East (east K)
Province Ontario
Postal Code N6A3C7

Amenities

Is Waterfront No
Has Pool No

Interior

Heating Natural gas Forced air
Cooling Fully air conditioned
Fireplace No
Has Basement No

Exterior

Lot Description 24.05 x 54.51 FT

Listing Details

OfficeCourtesy Of ROYAL LEPAGE TRILAND REALTY

Listing Map