Business For Sale

400-408 TALBOT Street

St. Thomas, Ontario

ROYAL LEPAGE TRILAND REALTY

$869,000

0.19 Acre
Basic Details
Status: Active
Property Type: Other
Listing Type: For Sale
Commercial Type: Office Building
MLS® #: 229821
Price: $869,000
Lot Area: 0.19 Acre
Property Description

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 a non-profit organization and exempt from paying realty taxes. 2021 assessment for 400 Talbot is $415,000; and 406-408 Talbot is $343,000 X commercial mill rate for 2020, the taxes would be $28,439.00. Seller wishes to vacate their space on closing but might consider staying on for a short term lease. (id:15472)

Additional Information
400-408 TALBOT Street
400
TALBOT
Street
Canada, Ontario, St. Thomas, N5P1B8
Public Transit
Municipal water
High Traffic Area
Sanitary sewer
Freehold
C2
Corner Site, Elevator, Paved driveway, Passenger e
88
Road access
0.19 ac|under 1/2 acre
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2
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Central air conditioning
None
Natural gas
Fire alarm system
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"NOTE: This representation is based in whole or in part on data generated by the Chilliwack & District Real Estate Board, Fraser Valley Real Estate Board or Real Estate Board of Greater Vancouver which assume no responsibility for its accuracy."