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7 Metcalfe Street Image 1

$2,675,000

May 26Commercial Retail For Sale
bedroomsbed
washrooms0bath
MLS - #X12173216

7 Metcalfe Street, Strathroy-Caradoc, ON N7G 1N9

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Average Price
267500000.0%
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Property Description

Property type

Commercial Retail

Lot size

N/A

Style

Approx. Area

N/A

About 7 Metcalfe Street

Bring all offers. Price reduced. Deposit required reduced. Location! Location! Location! Busiest intersection in the growing Town of Strathroy. 15 minutes from London Ontario. Fantastic opportunity to own property & business. Tired of working for the man? Own your own multi million dollar business with low down payment. Perfect for a family-run business, new immigrants or add this flagship gem to your portfolio. Put down a $500K deposit and take advantage of the interest only mortgage of the balance @ 5.25% for 2 years. Ultramar Gas, ON the RUN store & Mr. Sub franchise. M&M freezer. Newly re-opened site, New Fuel/brand contract. New Lotto. New ATM. New back office system. New Smart-Safe. Beer and wine sales started Sept 2024. . 1.5 HRS from GTA. Open 24 Hours. Gas station 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 2.7 M litres. Pre-pandemic (2019) store sales of $1.5 M, currently 8700K - Mr. Sub sales (2024)$183,500K per annum. Options for the new owner: Convert the office back into an apartment, . Add apartments above existing building. Lease out the Mr. Sub.

Home Overview

Last updated

May 26

Virtual tour

None

Basement information

Building size

0.324

Status

In-Active

Property sub type

Commercial Retail

Maintenance fee

$N/A

Year built

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Listed by COLDWELL BANKER INTEGRITY REAL ESTATE INC.

Additional Details

Basement:N/A
Cooling:Yes
Heating:Gas Forced Air Closed
Parking Features:N/A

MORTGAGE INFO

ESTIMATED PAYMENT

$0 Principal and Interest
$0 Property Taxes

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