7 Metcalfe Street E Strathroy-Caradoc, Ontario N7G 1N9
$3,325,000
Location! Location! Location! Busiest intersection in the growing Town of Strathroy. Fantastic opportunity to own property & business. Perfect as a family-run business, new immigrants or add this flagship gem to your portfolio. Put down a 25% deposit and take advantage of the interest only VTB of 75% @ 5.25% for 2 years. Currently under absentee ownership. Manager runs site. Ultramar Gas, ON the RUN store & Mr. Sub franchise. Newly re-opened site, New Fuel/brand contract. New Lotto. New ATM. New back office system. New Smart-Safe. Development completed July 2023. 1.5 HRS from GTA. Open 24 Hours. 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 2.5 M litres. Pre-pandemic (2019) store sales of $1.5 M, currently $700K - Mr. Sub sales $300K per annum. Options for the new owner: Convert the office back into an apartment, Get ready for beer sales by converting the area beside counter into a Cold Vault. Add apartments above existing building. **** EXTRAS **** Buyer to assume Mr. Sub franchise as part of the sale. Buyer to purchase store inventory. Additional information available upon signing confidentiality agreement. Buyer to assume on site equipment leases, if any. (id:55499)
Business
| Business Type | Retail and Wholesale |
| Business Sub Type | Retail misc. |
Property Details
| MLS® Number | X8242342 |
| Property Type | Retail |
| Amenities Near By | Public Transit, Highway |
| Parking Space Total | 8 |
Building
| Bathroom Total | 1 |
| Cooling Type | Fully Air Conditioned |
| Heating Fuel | Natural Gas |
| Heating Type | Forced Air |
| Size Interior | 0.324 Ac |
| Utility Water | Municipal Water |
Land
| Acreage | No |
| Land Amenities | Public Transit, Highway |
| Size Depth | 102 Ft |
| Size Frontage | 98 Ft |
| Size Irregular | 98 X 102 Ft ; 66x17x56x90x54x98x102 |
| Size Total Text | 98 X 102 Ft ; 66x17x56x90x54x98x102 |
| Zoning Description | C1, Commercial |
https://www.realtor.ca/real-estate/26762815/7-metcalfe-street-e-strathroy-caradoc
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September 04 2024 03:56:25
Toronto Real Estate Board
Coldwell Banker Integrity Real Estate Inc.