985 TALBOT STREET, St. Thomas, Ontario, N5P1E9

Property Description

Prime 3,433 sq. ft. commercial building located in the heart of downtown St. Thomas, positioned along the east end of Talbot Street in a high-traffic corridor. Previously operated as a pizza restaurant and convenience store, the property has been fully renovated within the past three years, including significant upgrades to heating, electrical, plumbing, washrooms, air conditioning, and flooring.The front portion of the building, approximately 2,000 sq. ft., is ideally configured for restaurant or food service use and includes an existing hood and kitchen area. A built-in wood-fired pizza oven may be available; however, it is not warranted by the landlord. Any equipment shown in marketing materials may not be included as part of the lease. This front section is fully barrier-free and features accessible washrooms.The rear portion offers approximately 1,400 sq. ft. of open-concept space, providing excellent flexibility for a variety of retail, service, or storage uses. The layout allows the premises to be leased as a single unit or demised into two separate spaces, subject to lease terms.Ideally located just one block from the Walmart Plaza site and one block from the busiest traffic intersection in the city, the property benefits from strong surrounding commercial activity. Nearby national tenants include McDonald's, KFC, the LCBO, and other well-established businesses, making this an exceptional retail opportunity.Offered on a net lease basis with a base rent of $25.00 per square foot. Tenants are responsible for common area costs, including realty taxes (currently $6.65 per sq. ft. or $22,848.92 annually), insurance (currently $1.11 per sq. ft. or $3,792.96 annually), as well as maintenance, snow removal, landscaping, and grass cutting. Floor plans are available upon request. (id:64974)

Quick Facts

• Property Type: Retail
• Bedrooms: None
• Bathrooms: None
• Living Area: 3,433 sq ft (318.9 m²)
• Parking: 63 spaces
• Lot Size: 0.6200 acres (0.25 ha)
• Frontage: 120 ft (36.6 m)

Costs

• Annual Taxes: $22,848.92

Listing Provided by: ROYAL LEPAGE TRILAND REALTY
Board: London and St. Thomas Association of REALTORS®
Data provided via CREA DDF®.