$585,000
( $323.56Per Sq Foot )
 $3,140 est/mo Sourced by Back At You

685 Richmond Street,London East (East F), ON N6A5M1

London East (East F), ON N6A5M1

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Description

Excellent opportunity to own an established Philthy Philly's franchise at 685 Richmond Street, London, Ontario, ideally located in the vibrant downtown area. This established business generates annual sales of over 1.2 million , 100k Monthly sales and offers an excellent opportunity for an owner-operator or investor. Attractive lease terms with approximately 10 years remaining plus an additional 10-year renewal option. Monthly rent is approximately $5,650 including TMI. Benefit from an established franchise brand with LLBO & $0 marketing cost, providing ongoing brand exposure and support. Excellent location with seating capacity of 40 inside 40 patio, surrounded by residential, commercial, entertainment and student activity with strong pedestrian and vehicle traffic. A great opportunity to acquire an established food business with long-term lease security in one of London's active commercial areas. (id:13843)

Details

MLS #X13816896
Listing TypeFor Sale
StatusActive
Days On Site35
Listing Provided ByHOMELIFE/MIRACLE REALTY LTD | SUNNY SHAH

Features

SQ Feet1,808
ZoningCOMMERCIAL

Interior

CoolingFully air conditioned
HeatingForced air
Fireplace Yes / NoNo

Utilities

Water SourceMunicipal water

Taxes

Tax Annual Amount0

Area Information

ProvinceON
CityLondon East (East F)
Postal CodeN6A5M1
Listing VS Median (in N6A5M1)
Price:
$585,000
low | high
Med:
$5,892
100% of Average
sqft:
1,808
low | high
Med:
2,176
29.673672566372% of Average
$ / sqft:
$324
low | high
Med:
$3
100% of Average
On site:
35
low | high
Med:
356
9.831460674157% of Average
Sourced by Back At You

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Contact

Learn More About This Property

Natasha Chang

Natasha Chang

Sutton Group - Seafair Realty

Sales Representative, (604) 808-2142natashachang@sutton.com
ProvinceON
CityLondon East (East F)
Postal CodeN6A5M1
Listing VS Median (in N6A5M1)
Price:
$585,000
low | high
Med:
$5,892
100% of Average
sqft:
1,808
low | high
Med:
2,176
29.673672566372% of Average
$ / sqft:
$324
low | high
Med:
$3
100% of Average
On site:
35
low | high
Med:
356
9.831460674157% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $438K - $731K
sqft: 1,000 - 2,000
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Listing Updated: October 6, 2026 at 7:19:38 PM PDT
The information is being provided by CREA. Information deemed accurate but not guaranteed. Information is provided for consumers personal, non-commercial use, and may not be used for any purpose other than the identification of potential properties for purchase. Copyright 2026 CREA. All Rights Reserved.
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