587 Oxford Street East, London East (East F) - Business for Sale
587 Oxford Street East, London East (East F), Ontario, N5Y3H9
This business in London East is for sale offering roughly 4,495 sq ft of space. It has been on the market 19 days, fresher than the London East average of 73 days.
Description
Exceptional opportunity to acquire Five87 Bistro, an established, licensed restaurant located at 587 Oxford Street East in London! Offering approximately 4,495 sq. ft. of leased premises, including designated restaurant and patio areas, this inviting establishment provides an excellent opportunity for an entrepreneur or experienced restaurateur looking to enter or expand within London's hospitality industry. Featuring an attractive dining atmosphere, indoor and outdoor dining opportunities, and access to on-site customer parking, the restaurant offers a versatile setting for casual dining, evening service, special occasions and private gatherings. Continue operating under the existing Five87 Bistro name and concept, or bring your own culinary vision to life and introduce an entirely new restaurant concept! The premises are subject to a long-term commercial lease, with renewal options outlined in the existing agreement, offering the potential for continued occupancy. Ideally situated along Oxford Street East, this location presents an opportunity to capitalize on an existing restaurant setup while establishing your own identity in the market. Whether you're an established operator seeking another location or an entrepreneur ready to take the next step, this is an exciting business ownership opportunity. Business sale only; real estate not included. (id:66096)
Property Details
- MLS®
- X14088306
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- AC4(15)
- Bathrooms
- 3
- Parking
- 26
- Interior Size
- 4,495 ft²
- Lot Size
- 57 × 180 ft (10,260 sq ft)
- Frontage
- 57 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 19 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Active: 19 days on market, against an average age of 73 days across the listings currently for sale in this city
This business in London East (East F) has been listed for 19 days, which is 54 days fresher than the city average of 73. Act while there is still low competition.
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5Y)
This home lists at $249,999, about 3.9× the local median household income of $63,600.
Carrying it typically needs a household income of about $48,834 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $63,600
- Population
- 35,934
- Median age
- 35.6
- Owner / renter
- 45% / 55%
- Avg. household size
- 2.3
Source: Statistics Canada, 2021 Census (FSA N5Y)
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$249,999
London East