$3,325,000
FOR SALE

Commercial/Retail

Lot: 98 x 102 ftTotal Area: 0.32 acres
2023 Taxes: $13,127.52

7 Metcalfe St E
Strathroy-Caradoc, ON N7G 1N9 | Middlesex

Location! Location! Location! Busiest intersection in the growing Town of Strathroy. Fantastic opportunity to own property & business. Perfect as a family-run business, new immigrants or add this flagship gem to your portfolio. Put down a 25% deposit and take advantage of the interest only VTB of 75% @ 5.25% for 2 years. Currently under absentee ownership. Manager runs site. Ultramar Gas, ON the RUN store & Mr. Sub franchise. Newly re-opened site, New Fuel/brand contract. New Lotto. New ATM. New back office system. New Smart-Safe. Development completed July 2023. 1.5 HRS from GTA. Open 24 Hours. Built as new in 2018/2019, with new double tanks & piping, new dispensers, Veederoot (monitoring system). Clean Phase II environmental report, completed in June 2021. Pre-pandemic (2019) fuel sales of 4.1 M litres of diesel and gas sales, currently 2.5 M litres. Pre-pandemic (2019) store sales of $1.5 M, currently $700K - Mr. Sub sales $300K per annum. Options for the new owner: Convert the office back into an apartment, Get ready for beer sales by converting the area beside counter into a Cold Vault. Add apartments above existing building.
Extras
Buyer to assume Mr. Sub franchise as part of the sale. Buyer to purchase store inventory. Additional information available upon signing confidentiality agreement. Buyer to assume on site equipment leases, if any.
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Listed By COLDWELL BANKER INTEGRITY REAL ESTATE INC.
Data Provided By Toronto Regional Real Estate Board
MLS® Listing Number X8242342
Last Updated Jun 13, 2024
Property Summary
Property Type Commercial/Retail

More like this:
Use Retail Store Related
Category Multi-Use
PIN 085990015
Legal Description PT LT 10 & 11, EAST OF CARADOC ST, 34PL93, CONT'D
Occupancy Owner
Possession Date 60 days
Taxes (2023) $13,127.52
Tax Type Annual
Directions/Cross Streets CARADOC ST.
Area Middlesex
Price History

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Detailed Information
Freestanding Y
Bathrooms 1
Lot 98 x 102 ft
Lot Irregularities 66X17X56X90X54X98X102
Retail Area 2,635 ft2
Total Area 0.32 acres
Approximate Age 31-50
Elevator None
Air Conditioning Y
Basement N
Garage Type None
Parking Spaces 8
Days Open 7
Hours Open 24
LLBO N
Employees 12
Heat Type Gas Forced Air Closd
Outside Storage N
Area Influences Major Highway, Public Transit
Soil Test Y
Sprinklers N
Sewers San+Storm Avail
Utilities Y
Water Municipal
UFFI No
Clear Height 9 feet
Rail N
Lot/Bldg/Unit Code Lot
Zoning C1, COMMERCIAL
Seller Property Info Statement N

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