186 SUNSET Drive, St. Thomas ON

$ 2,290,000.00

MLS# 203080

6.6550 acres • Commercial

Unique plaza property has great exposure on Highway 4 (by Elm Street). Being sold with the owners very successful restaurant business (as part of the sale) and tenants: Snip-Its Hair Shop, Escape from Realty, Elgin County Foot Services and a popular car wash at the rear. Effective July 1, 2019 gross rents will be over $105,764/year combined with the gross sales of over $500,000.00/year from the restaurant, makes it a great owner occupied investment, restaurant licenced under LLBO for 105 seats. The 6.65 acre ravine lot (GeoWarehouse) with 283 feet of frontage on Highway #4 might be of interest to developers wanting to enlarge the building envelope to include high rise residential units and commercial lease space with the proper zoning changes and approvals. Financial statements and rent roll are available with a signed Confidentiality Statement. The owner is also selling his restaurant business separately - see MLS 210016.

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BROKERED BY: ROYAL LEPAGE TRILAND RLTY(4)


Facts & Features

Type
Retail, Business with Building
Water
Municipal
Heating
Forced Air-Gas, Natural Gas
Cooling
Central Air, Duct Work
Lot
9786 sqft.
Price/Sqft.
$234.01
Parking
Unknown
Days on LetsLook
37

Property Details

  • Area: City of St. Thomas St. Thomas
  • Assessed Value: $0.00
  • Fronting: West
  • Taxes: $28,663.19 in 2018
  • Basement: No

Exterior

  • Finish: Brick Veneer
  • Foundation: Brick,Concrete
  • Garage: No

Services

  • Cable
  • Cell Service
  • Electricity
  • Garbage/Sanitary Collection
  • Internet High-Speed
  • Natural Gas
  • Public Transit
  • Street Lights
  • Telephone

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186 SUNSET Drive, St. Thomas ON N5R 6K1



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