400-408 TALBOT Street, St. Thomas, ON$869,000
Big John Cosentino
Phone: (905) 388-1110
Fax: (905) 388-1118
Cell: (905) 308-4110
bigjohn@listbigjohn.com
CHRIS PINCOMBE Logo
Listing Provided By:
CHRIS PINCOMBE  of  ROYAL LEPAGE TRILAND REALTY
MLS#:229821
Year:
SQ Feet:0
Office SQ Ft:0
Story(s):0
Units:1
Zoning:

Large quality commercial building. Totally renovated to meet federal government standards. Elevator. Security systems can be assumed. Wired for computers & LAN room climate controlled. Solar panels on roof generate about $6,000/year. Buyer will need to obtain approval to assume contract. Tenant,Employment Services Elgin occupies 4471 sq ft of first & second floor of 400 Talbot as of April 1, 2020 for 3 years (plus 3 board rooms in basement). Tenant,Family Service Thames Valley,occupies small office of second floor at 406-408 Talbot.The owner,Community Living Elgin, occupies 406-408 Talbot (& board room/shared baths in 400 Talbot). Yearly gross rents about $148,000 (solar not included). The Owner is non-profit organization,exempt from paying realty taxes. 2019 assessment of 400 Talbot is $397,500; 406-408 Talbot is $331,750 x 2019 commercial mill rates,taxes for 2019 would be $28,191.56.Seller wishes to vacate their space on closing but might consider staying on for a short term lease.


Updated: 07/09/2020
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