$849,900 FOR SALE

Commercial/Retail

Lot: 66.17 x 132.33 ft

65 Maitland Terrace
Strathroy-Caradoc (SW), ON N7G 1L2

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:47423)

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Listed By BLUE FOREST REALTY INC.
Data Provided By London and St. Thomas Association of REALTORS®
MLS® Listing Number X9239619
Last Updated Oct 09, 2024
Property Summary
Property Type Commercial/Retail

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Community SW
Price History
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Detailed Information
Lot 66.17 x 132.33 ft
Listing Contract Date 2024-08-03
Location Description Caradoc St S
# of Parking Spaces 12
Property Type Retail
Transaction Type For sale
Zoning Description C-1
Building
Appliances Freezer
Cooling Type Fully air conditioned
Heating Fuel Natural gas
Heating Type Other
Size (Exterior) 7463 square feet
Utility Water Municipal water
Land
Total Size Bldg=66.17 x 132.34 FT
Sewer Storm sewer
Size of Irregular Land Bldg=66.17 x 132.34 FT
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