766 Adelaide Street North, London East (East G) - Business for Sale
766 Adelaide Street North, London East (East G), Ontario, N5Y2L6
Description
Operating successfully since 1995, The Art Bank is a recognizable and reputable art gallery and custom framing business located at a prominent, high-traffic corner with exceptional visibility from multiple directions. Positioned at a major intersection, the business benefits from strong exposure and prominent signage that attracts both local and passing clientele. The impressive retail space features soaring 16-foot ceilings, ideal for displaying even the largest canvases, while expansive windows flood the gallery with natural light, creating an open, inviting atmosphere for customers and collectors alike. The main floor offers over 1,500 square feet of retail space, complemented by a lower-level workshop and additional storage areas that support the business' multiple revenue streams. Adding to the character and versatility of the property are two unique bank vaults, offering creative potential for storage, private display areas or imaginative adaptive reuse. The abundance of space lends itself to a variety of opportunities such as private paint workshops, stained glass classes, or other artistic events that can further expand income potential. The business has built a strong reputation for its extensive collection of artwork, giftware, and professional custom framing services, serving both corporate and private clients. All inventory, framing equipment, and supplies are onsite and included, making this a true turnkey opportunity for a new owner to step in and continue operating immediately. Convenient parking on the south and east sides accommodates several vehicles for customers and staff. A rare opportunity to acquire a well-established creative business with strong visibility, character-filled space, and multiple avenues for growth. (id:66096)
Property Details
- MLS®
- X12904956
- Property Type
- Business
- Zoning
- AC4
- Bathrooms
- 1
- Heating
- Forced air, Natural gas, Radiator
- Cooling
- Fully air conditioned
- Listed
- 231 days ago
Features
- Lot Features
- Irregular lot size
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 231 days on market, against an average age of 70 days across the listings currently for sale in this city
This business in London East (East G) is available now. Want me to connect you with the agent or keep you posted on any price updates?
Location
Approximate location — exact address confirmed upon showing
Nearby Places
Neighbourhood profile (N5Y)
This home lists at $149,900, about 2.4× the local median household income of $63,600.
Carrying it typically needs a household income of about $29,281 (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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London East
