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675 York Street London, Ontario N5W 2S6

Acreage

$4,500,000

Prime Real Estate is pleased to present 675 York Street, a 36,389 SF industrial investment or\r\nowner-occupier opportunity near downtown London. The Property sits on just over 2 acres with a 1+ acre\r\nfenced yard. RSC 2, 4(26), and 5, offer a broad range of permitted uses. 11,270 SF is occupied by a\r\nmajor telecom carrier providing bonus income through a Managed Services Agreement. With conservative\r\nassumptions, this property offers a going-in cap rate of 8.50%+. Recent upgrades include a new roof\r\nover part of the building, 2 industrial generators costing over $1M, completely upgraded building\r\ncontrols, and fire sprinklers/suppression. 25,119 SF and the fenced yard is vacant with the majority\r\nhaving an 18'6"" clear height. Full data room access is available upon the completion of a\r\nconfidentiality agreement. (id:48040)

Property Details

MLS® Number X8382380
Property Type Business
Neigbourhood Old East Village
Community Name East L
Amenities Near By Public Transit, Hospital

Building

Basement Type Partial
Exterior Finish Concrete, Steel
Fire Protection Alarm System, Security System
Foundation Type Poured Concrete
Size Interior 36389 Sqft
Utility Water Municipal Water

Land

Acreage Yes
Fence Type Fenced Yard
Land Amenities Public Transit, Hospital
Sewer Sanitary Sewer
Size Frontage 480 Ft
Size Irregular Unit=480 Acre ; 225.91 Ft X 9.69 Ft X 480.28 Ft X 154.08 Ft X 102.
Size Total Text Unit=480 Acre ; 225.91 Ft X 9.69 Ft X 480.28 Ft X 154.08 Ft X 102.|2 - 4.99 Acres
Zoning Description Rsc2 Rsc4(26) Rsc5

https://www.realtor.ca/real-estate/26959286/675-york-street-london-east-l

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September 13 2024 07:20:32

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