3
$2,200,000 Sale
Listed 4 hours ago
985 Talbot Street
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Listing History
Buy/Sell/Terminated/Expired listing history for 985 Talbot Street
Key Facts
Key facts for 985 Talbot Street
Property Type
Commercial
Parking
None
MLS #
X14123410
Size
-
Basement
-
Listed on
2026-10-28
Lot size
109 x 219.0
Tax
$22,848.92 /yr
Days on Market
0
Approximate Age
31-50
Maintenance Fee
-
Description
Ideal investment opportunity for this fully leased downtown commercial building. The front portion of the building is leased to Rudy's Burgers on a 10-year lease that commenced in July 2026, while the rear portion is leased to a cannabis store, also on a 10-year lease commencing in July 2026. Both l...eases are net leases at $25.00 per square foot, with annual increases over the 10-year lease period. The building offers a total of 3,433 square feet and sits on a 0.672-acre lot. The possibilities are endless, with potential for expansion of the existing building. Conveniently located just east of the busiest traffic intersection in the City of St. Thomas, the property is surrounded by established businesses, including McDonald's, KFC, LCBO, and Burger King, among others. The property is also located close to the new Volkswagen battery plant, which is currently under construction.Properties like this become available only once in a while. Don't miss your chance to invest in this exceptional opportunity!
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Courtesy of: ROYAL LEPAGE TRILAND REALTY