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Active Under Contract
985 Talbot ST St. Thomas, ON N5P 1E9
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active Under Contract
Purchase Type For Rent
Subdivision St. Thomas
MLS Listing ID X12466634
Annual Tax Amount $22,848
Tax Year 2025
Property Sub-Type Commercial Retail
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.
Location
Province ON
County Elgin
Area Elgin
Interior
Cooling Yes
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 120.0
Lot Depth 219.93
Others
Security Features No
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/985_talbot_st_st_thomas_on/
Listed by ROYAL LEPAGE TRILAND REALTY
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145 Wharncliffe Rd S, London, ON, N6J 2K4, CAN
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