523 Richmond Street
London, N6A 3E8
FOR SALE
$2,250,000
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Commercial Retail
CATEGORY 80.0
RETAIL AREA X14109900
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Property Description
One-of-a-kind opportunity to purchase an exceptional commercial property with a fully equipped restaurant in the heart of London's vibrant Richmond Row. Located at 523 Richmond Street, this beautifully rebuilt building showcases artistic design, exceptional craftsmanship and over 7,700 sq. ft. of finished space, including a large finished basement. The impressive restaurant layout features private dining space, a spectacular outdoor courtyard ideal for dining and special events, and a front patio overlooking Richmond Street. Liquor-licensed capacity for 187 indoor seats plus 94 patio seats, subject to applicable approvals. A separate Richmond Street entrance leads to an approximately 1,200 sq. ft. upper-level apartment, currently rented and providing supplementary income. Outstanding exposure in a lively, walkable downtown destination surrounded by shopping, dining and entertainment. A fantastic opportunity for an owner-operator or investor to acquire a distinctive property with extensive restaurant infrastructure. The entire property could be available with vacant possession, subject to existing tenancy arrangements and applicable requirements.
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Property Details
Address
523 Richmond Street
Community
City
Postal Code
N6A 3E8
Property Type
Commercial Retail, Commercial Retail
Use
Retail
Zoning
DA2
Lot Size
43' x 137'
Retail Area
80.0
Taxes
$43,000 (2025
Heat Type
Gas Forced Air Open
Water
Municipal
Garage Type
None
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Listing contracted with Royal Lepage Real Estate Services Ltd.
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