Retail or Office Building - London

London, OH (Madison County)

Seller Financing Available
Retail or Office Building - London

Asking Price:$275,000

Gross Revenue:N/A

Price/Sq. Ft.:$41.25


Building Sq. Ft.:6,666


Year Built:1920

Retail or Office Building - London

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Property Description

Fantastic Opportunity for owner operator. Well maintained three level commercial building located in the heart of London. Property is centrally positioned with commercial and retail business along with easy access for residential markets. The building has a total of 6,666 SF of use with ideal exposure as a retail operation. London has a quaint feel with higher volume of exposure.

Detailed Information

Building Sq. Ft.:
Building Status:
Building is located in the heart of downtown London. Building was built in 1920 and has three levels with no basement. First and second floors have been renovated for retail use. Previous use was a restaurant with additional meeting / banquet room on the second floor. The third floor has been unoccupied for a period of time. First floor has a kitchen with a hood and ansul system. Lots of street parking in front of the building. The building has lots of character and provides a central point for strong retail / office exposure.
Some Seller financing an option
Current Property Expenses:
Estimated annual utilities are $14,000, Building Insurance is estimated at $1,650, and annual taxes are estimated at $1,000
Location Description:
Location has over 5,000 VPD from Main Street access and 10,000 VPD from High street. Excellent development opportunity with low entry cost. Building is zoned Commercial. Area is starting to see some nice development and surrounding markets have excellent support attributes.
Current and Prior Use:
Currently, location is unoccupied. Most recent use was a small restaurant operation. Location can be used for restaurant, retail, or office.

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Brett Post

Property Listed By:
Brett Post

Sokol & Associates

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