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174 KING STREET, London, Ontario, N6A 1C6

MLS® # X11905497
Commercial For Sale In Central London, London, Ontario
$199,999
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
174 King Street, London, ON
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ACTIVE
174 KING STREET, London, Ontario, N6A 1C6
$199,999

Property Information:

Exceptional Opportunity to Open Your Own Restaurant at 174 King St, Downtown London, ON! For the first time in over 18 years, this iconic 3,400 SF restaurant space is available for sale in the heart of downtown London. Ideally situated amidst new development, including the ""Aqui on King"" high-rise and just steps from the Covent Garden Market, this prime location offers unmatched visibility and foot traffic. This fully-equipped space includes a 12-foot commercial hood, an 8x8ft walk-in cooler, tandoor oven, commercial dough mixer, deep fryer, 6-burner stovetop, 4-section electric buffet station, prep tables, and more. The recently renovated bar is complemented by a TRANSFERABLE liquor license, and the sale includes tables, chairs, and other essential equipment (full chattels list available in the documents tab). The lease, signed in 2024, is highly favorable with a 5-year term at $6,000 plus hst and utilities monthly. The space is licensed to accommodate up to 135 patrons, and an agreement with the parking lot across the street provides your customers with FREE parking. Additionally, two exclusive parking spots are included behind the building. Take advantage of the City of London CIP Incentives, offering grants and loans to support small businesses in the area. Don't miss this rare opportunity to establish your restaurant in one of the citys most sought-after locations. Chattels only sale! (id:27)

Building Features:

  • Style: Business
  • Air Conditioning: Yes
  • Heating Type: Forced air
  • Heating Fuel: Electric
  • Cooling Type: Fully air conditioned

Property Features:

  • Property Type: Business
  • Amenities Nearby: Public Transit
  • Irregular: Yes
  • Lot Depth: 60.1 Feet
  • Lot Frontage: 198.1 Feet
  • Lot Size: Bldg=198.1 x 60.1 FT
  • Zoning: DA1(6)

Courtesy of: EXP REALTY

REALTOR.ca  

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Sales/Price History

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Location of 174 KING STREET, London, Ontario, N6A 1C6

Climate Risk Data

About Climate Risk: Properties are at increased risk of damage from extreme weather due to climate change.
ClimateCheck provides detailed climate risk data for properties now and up to 30 years into the future.

Projected Heat Risk: Moderate

35 hot days expected in 2050

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

Projected Heat Risk: Moderate

35 hot days expected in 2050

55/100

Moderate

ClimateCheck®

Current data

This property, 174 KING STREET , experiences 7 hot days per year at around 31 degrees Celsius.

Projected data

Severe heat risk is expected to increase in this area. In 2050, it is projected that there will be 35 hot days at 34.5 degrees Celsius.

Projected Avg. Temperature

Past
31℃
2050
34.5℃

# Hot Days Per Year

Past
7
2050
35

About Heat Risk

Heat risk is the number of extreme heat days experienced each year looking at historical conditions (1980-2005) in your area and taking the 2% of the hottest days and projecting that into the future.

Projected Precipitation Risk: Moderate-High

14 storms expected in 2050

63/100

Moderate-High

ClimateCheck®

Current data

This property, 174 KING STREET , experiences 11 significant 2-day storms per year, with about 328.5mm of precipitation per storm.

Projected data

Severe storms are expected to increase in this area. In 2050, it is projected that there will be 14 significant 2-day storms with 404.2mm of precipitation per year.

Precipitation Per Storm

Past
328.5mm
2050
404.2mm

48-Hour Storms Per Year

Past
11
2050
14

About Storm Risk

Storm risk is the number of high wind, wet or snowy events each year. Climate check looks at historical conditions (1980-2005) in your area, on the days with the top 1% of total precipitation in a year and projected to 2050.

Climate risk data is provided for informational purposes only on Royallepage.ca.
If you have questions or feedback about this data, get help at climatecheck.com.

Environmental Risks provided by ClimateCheck®

Royal LePage does not endorse nor guarantee this information. By providing this information, Royal LePage and its agents are not providing advice or guidance on climate risks. Royal LePage strongly recommends that consumers independently investigate the property’s climate risks to their own personal satisfaction.

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Demographic Information of 174 KING STREET, London, Ontario, N6A 1C6

Life Stage

Young Singles

Employment Type

Service Sector/White Collar

Average Household Income

$101,556.43

Average Number of Children

1.44

Household Population

Household Structure

Age of Population

Education

Education Level

No certificate/diploma/degree

9.86 %

High school certificate or equivalent

20.18 %

Apprenticeship trade certificate/diploma

4.67 %

College/non-university certificate

22.67 %

University certificate (below bachelor)

2.97 %

University Degree

39.65 %

Commuter

Travel To Work

By Car

57.7 %

By Public Transit

17.6 %

By Walking

20.45 %

By Bicycle

1.38 %

By Other Methods

2.87 %

Cultural Diversity

Knowledge of Official Language

Mother Tongue

Building Information

Building Type

Apartments (Low and High Rise)

98.33 %

Houses

1.67 %

Own Vs. Rent

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