12
$49,000 Sale
Listed 8 hours ago
186 KING Street
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Listing History
Buy/Sell/Terminated/Expired listing history for 186 KING Street
Key Facts
Key facts for 186 KING Street
Property Type
Commercial
Parking
Double Detached
MLS #
X12467339
Size
-
Basement
-
Listed on
2025-10-16
Lot size
163 x 100.37
Tax
$2,317 /yr
Days on Market
1
Approximate Age
-
Maintenance Fee
-
Description
This restaurant is for lease with a security deposit of $49,000. Thorndale Family Restaurant has been serving the community since 1988. The sellers are willing to help accommodate improvements to the property and will consider accepting the renovations in lieu of a security deposit. Currently it off...ers a spacious seating area spanning 1,585 sq ft, while also providing 450 sqft office space on the upper level. The restaurant boasts a liquor license for 73, with 200-amp power supply. The Owners are willing to onboard/train new owners. A new lease will be negotiated with a 5 yr term with additional three 5 year renewal terms available. Thorndale is a busy community only 10 mins away from London (International Airport, Western University, Fanshawe College, pop approx 420,000+ ). With a new owner this property is primed to continue its legacy as a gathering place
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Courtesy of: EXP REALTY