304 Richmond Street West, Toronto, ON, M5V 1X2, CA

304 Richmond Street West

Attributes

Building area net

2,532 sf

Land area gross

1,712 sf

Rent PSF

£33.54

Zoning

CRE

Asset Description

Jones Lang LaSalle Real Estate Services, Inc., hereafter referred to as “JLL” or the “Advisor,” is delighted to present an outstanding opportunity to acquire 304 Richmond Street West, a rarely available retail asset, strategically positioned along Richmond Street West. Property showcases 17.9 feet (FT) of prime high street frontage, with two onsite parking stalls and immediate access to high-order transit serviced by Osgoode station on TTC line 1.

The site is improved with a three-story retail building comprised of 2,532 SF + basement. The Property is currently entirely vacant, offering a unique opportunity for value-add investors or owner-users to acquire a near turn-key-ready asset with a fully equipped commercial kitchen on the second floor in proximity to the downtown core. The Offering’s superior condition presents prospective purchasers with a flexible opportunity with limited capex required and reduced timelines, attractive to users or value-add investors looking to stabilize the asset through strategic lease-up.

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Investment Highlights

Premier location: The property is strategically situated on Richmond Street West, positioned between John Street & Spadina Avenue, offering 17.9 FT of prime high street frontage in one of Toronto most highly coveted neighbourhoods, offering excellent branding and signage opportunities.

Owner-user opportunity: Superior asset quality, with vacant retail space in near turnkey ready condition offering an exception owner-user opportunity to capitalize on the limited supply of owner user buildings in proximity to the Downtown core.

Value-add potential: Flexible offering attractive to owner-users looking to reposition the asset for there own use or value-add investors looking to stabilize the asset through strategic lease-up.

Transit oriented: The site benefits from direct transit access, located just 400 meters east of Osgoode station and serviced by TTC streetcar line 501 with a stop located less than 100 meters north at the intersection of Queen Street West & John Street.

Redevelopment potential: The site is strategically situated in proximity to the downtown core with assembly potential of the adjacent parcels of land, offering a land bank opportunity well positioned to capitalize on future infill development.