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20
19 ADELAIDE STREET S
$500,000 Sale
Listed 8 hours ago
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Key Facts
Key facts for 19 ADELAIDE STREET S
Property Type
Commercial
Parking
Garage: No, 0 parking
MLS #
X12423243
Size
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Basement
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Listed on
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Lot size
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Tax
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Days on Market
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Year Built
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Maintenance Fee
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Description
A rare opportunity to acquire a flagship Mobil-branded gas station and convenience store in one of Londons highest-traffic locations. Established in 1985, this operation offers over four decades of consistent revenue, community trust, and the strength of a globally recognized brand. Situated promine...ntly at the signalized corner of Adelaide Street South and Thompson Street, the site benefits from unmatched visibility to more than 26,000 vehicles per day, steady walk-in traffic, and direct access to established residential neighbourhoods immediately behind the property. The convenience store spans approximately 1,200 square feet and features dual washrooms, on-site parking, and an efficient layout designed for customer flow and operational ease. Current lease terms are approximately $6,500 plus HST net per month under a cross-lease arrangement, providing stability for long-term operators. The purchase price is in addition to the cost of inventory at closing. This property represents a recession-resistant business model anchored by fuel and retail sales, with significant future upside potential through ancillary services such as lottery, ATM, foodservice, or parcel pickup. An exceptionally well-located, turnkey business in one of Londons busiest corridors, this offering provides immediate cash flow and long-term security. (id:10452)
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Listing courtesy of: CENTURY 21 FIRST CANADIAN CORP
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