For Sale

$869,000.00

400-408 TALBOT Street , St. Thomas, Ontario N5P1B8

Remarks

Large quality commercial building. Totally renovated to meet federal government standards. Elevator. Security systems can be assumed. Wired for computers & LAN room climate controlled. Solar panels on roof generate about $6,000/year. Buyer will need to obtain approval to assume contract. Tenant,Employment Services Elgin occupies 4471 sq ft of first & second floor of 400 Talbot as of April 1, 2020 for 3 years (plus 3 board rooms in basement). Tenant,Family Service Thames Valley,occupies small office of second floor at 406-408 Talbot.The owner,Community Living Elgin, occupies 406-408 Talbot (& board room/shared baths in 400 Talbot). The Owner is non-profit organization,exempt from paying realty taxes. 2019 assessment of 400 Talbot is $397,500; 406-408 Talbot is $331,750 x 2019 commercial mill rates,taxes for 2019 would be $28,191.56.Seller wishes to vacate their space on closing but might consider staying on for a short term lease. (id:7580)

Property Summary

  • Lot Frontage: 88.0 Feet
  • No. of Parking Spaces: 13
  • Zoning: C2

Property Features:

  • Access Type:
    Road access
  • Amenities Nearby:
    Public Transit
  • Communication Type:
    High Speed Internet
  • Community Features:
    High Traffic Area
  • Equipment Type:
    None
  • Features:
    Corner Site , Elevator , Paved driveway , Passenger elevator , []
  • Ownership Type:
    Freehold
  • Property Type:
    Other
  • Rental Equipment Type:
    None
  • Sewer:
    Sanitary sewer
  • Utility Type:
    Hydro - Available
  • Utility Type:
    Telephone - Available
  • Utility Type:
    DSL* - Available
  • Utility Type:
    Cable - Available
  • Utility Type:
    Natural Gas - Available

Building Features:

  • Basement Type:
    None
  • Cooling Type:
    Central air conditioning
  • Exterior Finish:
    Brick
  • Fire Protection:
    Fire alarm system
  • Flooring Type :
    Carpeted , Ceramic , Linoleum
  • Foundation Type:
    []
  • Heating Fuel:
    Natural gas
  • Heating Type:
    Forced air

Office Listing: 

Chris Pincombe Broker

 
Abhinav Tewari

Abhinav Tewari

Sales Representative

Phone:  519.672.9880

Fax:  519.672.5145

Royal LePage Triland Realty, Brokerage (Independently owned and operated)

103 - 240 Waterloo Street
London,  ON N6B 2N4

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