#11 551 Richmond Street, London East (East F) - Business for Sale
#11 551 Richmond Street, London East (East F), Ontario, N6A3E9
This business in London East is for sale offering roughly 3,282 sq ft of space.
Description
Unbeatable Richmond Row Downtown Location! Own a 40-seat, fully equipped franchise restaurant in the heart of London Downtown. This high-traffic gem features two patios, perfect for maximizing seasonal revenue. Close to Western University, Fanshawe College, and major corporate hubs, this turnkey space offers maximum visibility. An added bonus: a portion of the space is subleased to Dough Bits, providing additional rental income and reducing your operating costs. A rare opportunity to secure a proven franchise in one of London's most sought-after commercial corridors. (id:66096)
Property Details
- MLS®
- X13640144
- Property Type
- Business
- Business Type
- Restaurant
- Zoning
- Business Commercial
- Bathrooms
- 2
- Interior Size
- 3,282 ft²
- Lot Size
- 245 × 245 ft (1.37 acres)
- Frontage
- 245 ft
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Listed
- 93 days ago
Services
- Water
- Municipal water
Features and services as supplied by the listing brokerage.
Market Timing
Long Listed: 93 days on market, against an average age of 74 days across the listings currently for sale in this city
This business in London East (East F) 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 (N6A)
This home lists at $274,000, about 4.5× the local median household income of $61,200.
Carrying it typically needs a household income of about $53,522 (20% down, 25-yr amortization, stress-tested) — within reach of the area median.
- Median household income
- $61,200
- Population
- 13,810
- Median age
- 34
- Owner / renter
- 29% / 71%
- Avg. household size
- 1.8
Source: Statistics Canada, 2021 Census (FSA N6A)
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$274,000
London East