400-408 TALBOT Street, St. Thomas Ontario

$ 869,000.00

MLS# 229821

0.1900 acres • Commercial Sale

Large quality commercial building. Totally renovated to meet federal government standards. Elevator. Security systems can be assumed. Wired for computers & LAN room climate controlled. Solar panels on roof generate about $6,000/year. Buyer will need to obtain approval to assume contract. Tenant,Employment Services Elgin occupies 4471 sq ft of first & second floor of 400 Talbot as of April 1, 2020 for 3 years (plus 3 board rooms in basement). Tenant,Family Service Thames Valley,occupies small office of second floor at 406-408 Talbot.The owner,Community Living Elgin, occupies 406-408 Talbot (& board room/shared baths in 400 Talbot). Yearly gross rents about $148,000 (solar not included). The Owner is non-profit organization,exempt from paying realty taxes. 2019 assessment of 400 Talbot is $397,500; 406-408 Talbot is $331,750 x 2019 commercial mill rates,taxes for 2019 would be $28,191.56.Seller wishes to vacate their space on closing but might consider staying on for a short term lease.

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Facts & Features

Type
Office(s), Building and Land
Parking
Unknown
Days on LetsLook
216

Property Details

  • Area:
  • Assessed Value: $0.00
  • Fronting:
  • Taxes: $0.00
  • Basement: No

Exterior

  • Finish:
  • Foundation:
  • Garage: No

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400-408 TALBOT Street, St. Thomas Ontario N5P 1B8



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