Investors, take note of this incredible opportunity presented by a commercial/residential building! Located in a prime spot near the downtown core, this property in the thriving Town of Strathroy holds immense potential. Boasting nearly 6000 sq ft of commercial space and 12 parking spaces, it offers a significant advantage for those looking to own an income-generating property. The main floor features 12 ft ceilings with fire-rated drywall and is currently operating as a restaurant. However, it can easily be transformed into a personal care service, pharmacy, medical clinic, club, event hall, and more. Constructed approximately 18 years ago, the property also includes a separate entrance leading to a 2100 sq ft apartment. This apartment comprises 4 bedrooms, 2 baths, a living room, updated flooring, its own heating and cooling system, and a spacious patio that has the potential to generate $2800 to $3000 per month. With two separate entrances on the main floor, there is even an opportunity to partition a section of the building for additional income potential. Additional features of the property include an 8’ x 14’ walk-in cooler, ample storage, all-new electrical wiring (3 phase 120V/208V), and a split A/C-heat pump system that serves the main floor. For more information, please reach out to me directly. (id:47421)
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Detailed Information
Lot
66 x 132 ft
Amenities Nearby
Hospital, Schools
Equipment
Other, Water Heater
Features
Southern exposure, Paved driveway
Listing Contract Date
2024-04-17
Location Description
Heading North on Caradoc St into Strathroy, turn right at Maitland Terrace
Ownership Type
Freehold
# of Parking Spaces
10
Property Type
Office
Rental Equipment
Other, Water Heater
Transaction Type
For sale
Zoning Description
C-1
Business
Name
Jedas Market Cafe Party Rentals
Building
Basement Type
None
Constructed Date
1993
Exterior Finish
Brick, Vinyl siding
Foundation Type
Poured Concrete
Stories Total
2
Size (Exterior)
7463
Utility Water
Municipal water
Land
Total Size
under 1/2 acre
Amenities
Hospital, Schools
Sewer
Municipal sewage system
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