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Active
985 Talbot ST Elgin, ON N5P 1E9
UPDATED:
Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Rent
Subdivision St. Thomas
MLS Listing ID X12466634
Annual Tax Amount $22,848
Tax Year 2025
Property Sub-Type Commercial Retail
Property Description
This 3,433 sq. ft. building is located in the heart of downtown St. Thomas and has recently been utilized as a pizza operation and convenience store. It has been fully renovated within the past three years, including updated heating, electrical, plumbing, washrooms, cooling, and flooring. The front portion, previously a pizza operation, is ideally set up for restaurant purposes with a hood and kitchen space. The built-in wood-fired pizza oven may be available but is not warranted by the landlord. The equipment shown in the photos will not necessarily be available upon lease. The front section is approximately 2,000 sq. ft. and is fully handicapped accessible with accessible washrooms. The rear portion is open concept and approximately 1,400 sq. ft., bringing the total to 3,433 sq. ft. The space can be leased as one unit or demised into two. Situated in the east end of Talbot Street, just one block from the Walmart Plaza site, neighbouring businesses include McDonald's, KFC, and the LCBO, among many others. Only one block from the busiest traffic corner in the city, this location is ideal for retail use. This is a net lease with base rent of $25.00 per sq. ft. Tenant is responsible for common area expenses including realty taxes (currently $6.65 per sq. ft. or $22,848.92/year), insurance (currently $1.11 per sq. ft. or $3,792.96/year), as well as maintenance, snow removal, landscaping, and grass cutting. Floor plans available upon request.
Location
Province ON
County Elgin
Community St. Thomas
Area Elgin
Interior
Cooling Yes
Exterior
Community Features Public Transit, Recreation/Community Centre
Utilities Available Yes
Lot Frontage 120.0
Lot Depth 219.93
Others
Security Features No
ParcelsYN No
Virtual Tour https://unbranded.youriguide.com/985_talbot_st_st_thomas_on/
Listed by ROYAL LEPAGE TRILAND REALTY