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449-453 Talbot St 16,000 SF 100% Leased Retail Building St Thomas, ON N5P 1C1 $1,718,580 USD ($107.41 USD/SF) 6.25% Cap Rate
INVESTMENT HIGHLIGHTS
- Prime investment opportunity. Fully tenanted and zoned C2.
- It also boasts excellent visibility and accessibility in a rapidly expanding, vibrant community.
- Each residential unit is equipped with separate hydro meters, hot water tanks, furnaces, and central air conditioning.
- Possibility of retail business for sale.
EXECUTIVE SUMMARY
Located in the heart of Downtown St. Thomas, 449-453 Talbot Street is a fully tenanted, mixed-use commercial building offering a fantastic investment opportunity. Zoned C2, this property features an 8,000 sq. ft. commercial space on the ground floor at 449 Talbot Street, while 453 Talbot Street includes seven residential units, each with separate hydro meters, hot water tanks, furnaces, and central air conditioning. With a gross annual rental income of $184,530 and room for future growth, this turn-key property offers excellent visibility, accessibility, and modern upgrades in a thriving and rapidly expanding community.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
16,000 SF
Building Class
C
Year Built
1885
Price
$1,718,580 USD
Price Per SF
$107.41 USD
Cap Rate
6.25%
NOI
$107,413 USD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.38 AC
Zoning
C2 - Commercial
Walk Score®
Very Walkable (89)
Bike Score®
Very Bikeable (81)
NEARBY MAJOR RETAILERS
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449-453 Talbot St
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