Address
7 METCALFE STREET E, Strathroy-Caradoc, ON
Price
$ 3,325,000
Property Attributes
  • ID#X8242342
  • TypeCommercial
  • CityStrathroy-Caradoc
  • Postal CodeN7G 1N9
  • StyleRetail misc.
  • Price$ 3,325,000
  • Bedrooms0
  • Bathrooms1
  • Half Bathrooms0
Data Source:
Canadian Real Estate Association (CREA)
Property Description

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. (id:7434)

General Features

Property Type Retail
Ammenities Public Transit,Highway
Building Cooling Type Fully air conditioned
Business Type Retail and Wholesale
Business Sub Type Retail misc.
Parking Space Total 8

Interior Features

Building Fireplace Present False
Building Heating Type Forced air
Building Heating Fuel Natural gas

Exterior Features

Land Amenities Public Transit,Highway

Amenities

  • Views
  • New Construction
  • Adult 55+
  • Lease To Own
  • No Strata Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in N7G 1N9

Price
AVG $3.33M
$3.33M
Visits
AVG 60
26
Data Provided by Inside Real Estate®

Looking for a more comfortable experience?

Download our mobile app for a personalized browsing experience.

Areas We Cover