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3505 Morgan Cres 1.46 Acres of Commercial Land Offered at $1,862,571 USD in London, ON N6L 0B7

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INVESTMENT HIGHLIGHTS

  • Permit ready to build 16000 sqft plaza
  • Medical
  • Drive through

EXECUTIVE SUMMARY

The site plan approved* for a retail plaza and a standalone drive-through building covering 16,000sqf. This versatile space suits businesses such as clinics, Pharmacies, Dentists, accountants, and lawyers. The approved site plan includes a two-story retail building with office space. Strategically positioned at the intersection of Morgan Avenue & Wharncliffe Road South, this location offers prime visibility and accessibility, with a daily traffic flow of 30,000 vehicles along Wharncliffe Road South. Situated near a high-growth area in south London, with a population of 108,000 within a 5 km radius expected to rise to 120,000 by 2028, the potential for growth and profitability is evident. This space is ideal for medical/dental offices and various office and retail uses. The drive-through component adds further value by inviting franchisees & Franchisers to be part of the location.

PROPERTY FACTS

Price $1,862,571 USD
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use
Office
  • Convenience Store
  • Daycare Center
  • Medical
  • Restaurant
Total Lot Size 1.46 AC
Zoning RSC3(18), RSC4(16) - Commercial

1 LOT AVAILABLE

Lot

Price $1,862,571 USD
Price Per AC $1,275,733.47 USD
Lot Size 1.46 AC

1.46 Acre , located at the corner of Wharncliffe Rd.S. &Morgan Ave

  • Listing ID: 31654433

  • Date on Market: 4/30/2024

  • Last Updated:

  • Address: 3505 Morgan Cres, London, ON N6L 0B7

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