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Active Under Contract
985 Talbot ST W #B St. Thomas, ON N5P 1E9
1 Bath
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 X12845812
Annual Tax Amount $22,848
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
This 1400 square foot unit is located in the heart of downtown St. Thomas and has recently been utilized as a convenience store. The space is open concept and ready for your plan. It has been totally renovated within the past 3 years with new renovations including heating, electrical, plumbing, washroom, heating and cooling, flooring, etc. Neighbouring businesses include McDonald's, KFC, and a liquor store, amongst many others. Only one block from the busiest traffic corner in the city. Ideal for your retail business. Please note that this is a net lease, with the base rent being $25.00 per square foot and the tenant being responsible for common area expenses, including realty taxes currently $6.65 per square foot or $22,848.92 per year; insurance currently at $1.11 per square foot or $3,792.96 per year; maintenance; snow removal; landscaping; and grass cutting included in the common area costs. The estimated common area expenses for 2026 being $11.60 per square foot. Floor plans 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
Building
Building Age 31-50
Others
Security Features No
ParcelsYN No
Listed by ROYAL LEPAGE TRILAND REALTY
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145 Wharncliffe Rd S, London, ON, N6J 2K4, CAN
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