985 TALBOT STREET
St. Thomas, Ontario
MLS® X14123410
$2,200,000
- Status
- Active
- Property type
- Retail
- MLS® number
- X14123410
- Bedrooms
- —
- Bathrooms
- —
- Year built
- —
1 / 3Listing description
Ideal investment opportunity for this fully leased downtown commercial building. The front portion of the building is leased to Rudy's Burgers on a 10-year lease that commenced in July 2026, while the rear portion is leased to a cannabis store, also on a 10-year lease commencing in July 2026. Both leases are net leases at $25.
00 per square foot, with annual increases over the 10-year lease period. The building offers a total of 3,433 square feet and sits on a 0. 672-acre lot.
The possibilities are endless, with potential for expansion of the existing building. Conveniently located just east of the busiest traffic intersection in the City of St. Thomas, the property is surrounded by established businesses, including McDonald's, KFC, LCBO, and Burger King, among others.
The property is also located close to the new Volkswagen battery plant, which is currently under construction. Properties like this become available only once in a while. Don't miss your chance to invest in this exceptional opportunity!
Property summary
- MLS® number
- X14123410
- Property type
- Retail
- Size
- 29,256 sq ft
- Land size
- 0.672 acres
- Annual property taxes
- $22,848.92
- Parking
- 63 spaces
- Days on market
- 8 days
Features & details
- Heating
- Forced air, Natural gas
- Cooling
- Fully air conditioned
- Lot features
- Irregular lot size
What would this home cost you?
Based on the $2,200,000 asking price at a 5.00% example rate, semi-annual compounding.
Renanza Realty Inc. can represent you on this property — send an enquiry to arrange a private viewing.
Listing courtesy of ROYAL LEPAGE TRILAND REALTY, ST. THOMAS.
The listing data displayed here is provided in part by the Canadian Real Estate Association (CREA) through its Data Distribution Facility (DDF®) and is drawn from Boards and Associations across Canada. Information is deemed reliable but is not guaranteed accurate by CREA. The listings are held by brokerages other than Renanza Realty unless otherwise noted.
The trademarks REALTOR®, REALTORS® and the REALTOR® logo are controlled by CREA and identify real estate professionals who are members of CREA. The trademarks MLS®, Multiple Listing Service® and the associated logos identify professional services rendered by REALTOR® members of CREA to effect the purchase, sale and lease of real estate as part of a cooperative selling system.