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$25
Available - For Rent
Listing ID: X12466634
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.
Price $25
Minimum Rental Term: 60
Taxes: $22,848.92
Tax Type: Annual
Occupancy by: Vacant
Address: 985 Talbot Street , St. Thomas, N5P 1E9, Elgin
Postal Code: N5P 1E9
Province/State: Elgin
Legal Description: LOT 53 PLAN 79 YARMOUTH PART LOT 2-4, 51
Directions/Cross Streets: FIRST AVENUE
No. of Pieces Level
Washroom 1:  0
Washroom 2:  0
Washroom 3:  0
Washroom 4:  0
Washroom 5:  0
Washroom 6:  0
Washroom 7:  0
Washroom 8:  0
Washroom 9:  0
Washroom 10:  0
Washroom 11:  0
Washroom 12:  0
Washroom 13:  0
Washroom 14:  0
Washroom 15:  0
Washroom 16:  0
Washroom 17:  0
Washroom 18:  0
Washroom 19:  0
Washroom 20:  0
Washroom 21:  0
Washroom 22:  0
Washroom 23:  0
Washroom 24:  0
Washroom 25:  0
Washroom 26:  0
Washroom 27:  0
Washroom 28:  0
Washroom 29:  0
Washroom 30:  0
Washroom 31:  0
Washroom 32:  0
Washroom 33:  0
Washroom 34:  0
Washroom 35:  0
Washroom 36:  0
Washroom 37:  0
Washroom 38:  0
Washroom 39:  0
Washroom 40:  0
Washroom 41:  0
Washroom 42:  0
Washroom 43:  0
Washroom 44:  0
Washroom 45:  0
Washroom 46:  0
Washroom 47:  0
Washroom 48:  0
Washroom 49:  0
Washroom 50:  0
Washroom 51:  0
Washroom 52:  0
Washroom 53:  0
Washroom 54:  0
Washroom 55:  0
Washroom 56:  0
Washroom 57:  0
Washroom 58:  0
Washroom 59:  0
Washroom 60:  0
Washroom 61:  0
Washroom 62:  0
Washroom 63:  0
Washroom 64:  0
Washroom 65:  0
Washroom 66:  0
Washroom 67:  0
Washroom 68:  0
Washroom 69:  0
Washroom 70:  0
Washroom 71:  0
Washroom 72:  0
Washroom 73:  0
Washroom 74:  0
Washroom 75:  0
Washroom 76:  0
Washroom 77:  0
Washroom 78:  0
Washroom 79:  0
Washroom 80:  0
Washroom 81:  0
Washroom 82:  0
Washroom 83:  0
Washroom 84:  0
Washroom 85:  0
Washroom 86:  0
Washroom 87:  0
Washroom 88:  0
Washroom 89:  0
Washroom 90:  0
Washroom 91:  0
Washroom 92:  0
Washroom 93:  0
Washroom 94:  0
Washroom 95:  0
Category: Multi-Use
Use: Hospitality/Food Related
Building Percentage: T
Total Area: 3,433
Total Area Code:  Square Feet
Retail Area Code: Sq Ft
Area Influences: Public Transit   Recreation/Comm
Financial Statement: F
Chattels: F
Franchise: F
Maintenance: 0
Sprinklers: No
Rail: N
Heat Type: Gas Forced Air Close
Central Air Conditioning: Yes
Sewers: Sanitary+Storm
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Asking Price: $ Heating: $ /Year  
Interest Rate: % Condo Fee: $ /Year
Taxes:   $ /Year Other Debt: $ /Year  
Amortization:     Years GDS: %
    TDS: %
Percent Down:
Down Payment $ $ $ $
First Mortgage $ $ $ $
CMHC/GE $ $ $ $
Total Financing $ $ $ $
Monthly P&I $ $ $ $
Expenses $ $ $ $
Total Payment $ $ $ $
Income Required $ $ $ $

This chart is for demonstration purposes only. Always consult a professional financial advisor before making personal financial decisions.

Although the information displayed is believed to be accurate, no warranties or representations are made of any kind.
ROYAL LEPAGE TRILAND REALTY

985 Talbot Street , St. Thomas, N5P 1E9, Elgin

Personal Picture
Paulette Zander
Sales Representatives
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416-456-7481
Bus:
416-203-6636
Fax:
416-203-1908

 
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At a Glance:
Type: Com - Commercial Retail
Area: Elgin
Municipality: St. Thomas
Neighbourhood: St. Thomas
Style:
Lot Size: x 219.93(Feet)
Approximate Age:
Tax: $22,848.92
Maintenance Fee: $0
Beds: 0
Baths: 0
Garage: 0
Fireplace: N
Air Conditioning:
Pool:
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Personal Pic Paulette Zander Sales Representatives pic pzander@rogers.com Remax Condos Plus Corp., Brokerage Independently owned and operated. pic 45 Harbour Square, Toronto, Ontario M5J 2G4 pic Cell: 416-456-7481 | Office: 416-203-6636 | Fax: 416-203-1908