Address
7 Metcalfe St E, Strathroy-Caradoc, ON
Price
$ 3,325,000
Property Attributes
  • ID#X8242342
  • TypeCommercial
  • CityStrathroy-Caradoc
  • NeighbourhoodStrathroy-Caradoc
  • Postal CodeN7G 1N9
  • StyleRetail Store Related
  • Taxes$ 13127
  • Price$ 3,325,000
  • Bedrooms0
  • Full Bathrooms1
  • Half Bathrooms0
Data Source:
Toronto Real Estate Board (TRREB)
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.

Price History
4/17/2024 Listed $3,325,000

General Features

Utilities Yes
Water Municipal
Zoning C1,COMMERCIAL
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 le
Heater Type Gas Forced Air Closd
Parking Spaces 8
Elevator None
Area Middlesex
Tax Year 2023
Franchise Yes
Lot Depth 102.00
Basement No
Freehold Yes
Status A
Use Retail Store Related
Taxes 13127.52
Legal Description PT LT 10 & 11,EAST OF CARADOC ST,34PL93,CONT'D
Category Multi-Use
ApproxAge 31-50
Property Sub Type Commercial/Retail
Lot Front 98.00
Type .Q.

Interior Features

A/C Yes
Clear Height Feet 9
Washrooms 1

Exterior Features

Garage Type None
Rail No
Sewers San+Storm Avail
SoilTest Yes

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
Taxes
AVG $13,127
$13,127
Visits
AVG 60
60
Data Provided by Inside Real Estate®

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