1050 KIPPS Lane, London ON

$ 4,990,000.00

MLS# 186149

1.9600 acres • Commercial

1050 Kipps Lane is a retail plaza located in northeast London, Ontario. The plaza features 21,502 square feet of retail and office space comprising ten (10) units. Fully leased and anchored by Circle K and a French Daycare/school. Located on approximately 2 acres of land. Located less than 1 km east of Adelaide Street intersection. Fully leased at competitive market rates. Zoned Neighbourhood Shopping Area NSA4(1). Ample parking space, approximately 120 cars. Roof recently replaced, 85% new windows, majority new HVAC units. The surrounding area boasts the highest residential density in London. The property is situated on 3 major public transit routes that run city-wide. Anchor tenants include: Manulife, Circle K, French School. Excellent Investment property with surplus land and 7.1% Cap Rate. Buyer to verify all information.

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BROKERED BY: COLLIERS INTERNATIONAL LONDON ONTARIO, BROKERAGE


Facts & Features

Type
Mixed,Retail, Building and Land
Year Built
1969
Water
Municipal
Heating
Forced Air-Gas
Cooling
Air Conditioner, Duct Work
Lot
21502 sqft.
Price/Sqft.
$232.07
Parking
Unknown
Days on LetsLook
160

Property Details

  • Area: City of London East
  • Assessed Value: $2,020,000.00
  • Age: 1969
  • Fronting: South
  • Taxes: $63,370.00 in 2018
  • Basement: No

Exterior

  • Finish: Brick Veneer,Shingles,Steel,Wood
  • Foundation:
  • Garage: No

Services

  • Internet High-Speed
  • School Bus Route
  • Street Lights
  • Telephone
  • Underground Wiring

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Loan Amount
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Interest Rate

1050 KIPPS Lane, London ON N5Y 4S5



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