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20
19 ADELAIDE STREET S
$500,000 Sale
Listed 7 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 oneof Londons highest-traffic locations. Established in 1985, this operation offers over four decadesof consistent revenue, community trust, and the strength of a globally recognized brand.Situated prominentl...y 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-intraffic, and direct access to established residential neighbourhoods immediately behind theproperty.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 $6,700 plus HST net per month under a cross-leasearrangement, providing stability for long-term operators. The purchase price is in addition to thecost 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 Londonsbusiest 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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