Ideal investment opportunity for this fully leased downtown commercial building. The front portion of the building is leased to Rudy's Burgers on a 10-year lease that commenced in July 2026, while the rear portion is leased to a cannabis store, also on a 10-year lease commencing in July 2026. Both leases are net leases at $25.00 per square foot, with annual increases over the 10-year lease period. The building offers a total of 3,433 square feet and sits on a 0.672-acre lot. The possibilities are endless, with potential for expansion of the existing building. Conveniently located just east of the busiest traffic intersection in the City of St. Thomas, the property is surrounded by established businesses, including McDonald's, KFC, LCBO, and Burger King, among others. The property is also located close to the new Volkswagen battery plant, which is currently under construction.Properties like this become available only once in a while. Don't miss your chance to invest in this exceptional opportunity! (id:4069)
Address
985 TALBOT STREET
List Price
$2,200,000
Property Type
Retail
Transaction Type
Sale
Area
Ontario
Sub-Area
St Thomas
Floor Area
29,256 Sq. Ft.
Lot Size
0.672 Sq. Ft.
Lot Depth
219 ft
Frontage Length
109 ft
MLS® Number
X14123410
Listing Brokerage
ROYAL LEPAGE TRILAND REALTY
Postal Code
N5P1E9
Zoning
C-3 DOWNTOWN COMMERCIAL
Parking Places (Total)
63
Site Influences
Public Transit
Features
Irregular lot size
Heat Source
Natural gas
Heat Type
Forced air
Cooling Features
Fully air conditioned
Water Source
Municipal water
