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Home ON Greater London London North London
1001 ADELAIDE STREET N
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1001 ADELAIDE STREET N $1,559,000
$1,559,000
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1001 ADELAIDE STREET N
London, Ontario N5Y2M6

MLS® Number: X9308392

Listing Description

Small medical building for sale at the corner of Cheapside and Adelaide. First time offered for sale. Neighboring property at 909 Adelaide also available for purchase. Zoning permits Medical/Dental, Medical/Dental Laboratories, Clinic and Offices. 5.90% Capitalization Rate on proforma income with 2 vacancies rented at market rents. Unit 206 (703 SF) and Unit 200 (299 SF) currently available for lease or owner/ users. Tenant all on Net Leases. Confidentiality Agreement to be completed for access to additional financial details. Taxes to be assessed. **** EXTRAS **** Legal Desc: LOTS 26, 27, 28, 29 AND 22 AND PART LOT 21, PLAN 256 (E) AS IN 637079; SUBJECTT O 476737 LONDON (36696318)

Location Description

SW Corner Cheapside & Adelaide

Property Summary

Property Type
Office
Building Type
Offices
Community Name
East B
Land Size
0.48 ac
Annual Property Taxes
$0
Total Parking Spaces
29
Time on REALTOR.ca
100 days

Building

Heating & Cooling
Cooling
Fully air conditioned
Heating Type
Forced air (Natural gas)
Utilities
Water
Municipal water
Parking
Total Parking Spaces
29

Measurements

Square Footage
7810 sqft

Land

Other Property Information
Zoning Description
RO2
Data provided by: London and St. Thomas Association of REALTORS® 342 COMMISSIONERS Road West, LONDON, Ontario N6J 1Y3
GREG HARRIS