$2,250,000 Sale

Listed 10 hours ago

523 Richmond Street

MLS® x14109900 Commercial Retail

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Beds · 0

Baths · 0

Parking · -

Sqft · -

Est. mortgage

$8,536/mo

Property Taxes

$43,000/yr

Key Facts

Key facts for 523 Richmond Street

Property Type

Commercial

Parking

None

MLS #

X14109900

Size

Basement

Listed on

2026-10-23

Lot size

43 x 137.0

Tax

$43,000 /yr

Days on Market

Approximate Age

Maintenance Fee

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 fi...nished 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.

Full Property Details

General

Business Type

Hospitality/Food Related

Retail Area

80.00 %

Total Area

7700.00 Square Feet

Sprinklers

Yes

Drive-In Level Shipping Doors

Double Man Shipping Doors

Grade Level Shipping Doors

Truck Level Shipping Doors

Business Type

Hospitality/Food Related

Retail Area

80.00 %

Total Area

7700.00 Square Feet

Sprinklers

Yes

Drive-In Level Shipping Doors

Double Man Shipping Doors

Grade Level Shipping Doors

Truck Level Shipping Doors

Interior

Washrooms

Heating Fuel

Gas Forced Air Open

Air Conditioning

Yes

Washrooms

Heating Fuel

Gas Forced Air Open

Air Conditioning

Yes

Exterior

Depth

137.0

Front

43.0

Lot Size

43 x 137.0 ft

Parking Spaces

Total Parking Spaces

Parking Description

None

Garage Spaces

Zoning

DA2

Depth

137.0

Front

43.0

Lot Size

43 x 137.0 ft

Parking Spaces

Total Parking Spaces

Parking Description

None

Garage Spaces

Zoning

DA2

Building Description

Home Type

Commercial

Subtype

Commercial Retail

Water Supply

Municipal

Possession Date

No Data

Home Type

Commercial

Subtype

Commercial Retail

Water Supply

Municipal

Possession Date

No Data

Community

East B

Community

East B

Taxes & Fees

Taxes

$43,000 /yr

Tax Year

2025

Occupancy

Owner+Tenant

Taxes

$43,000 /yr

Tax Year

2025

Occupancy

Owner+Tenant

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Ivany-Cutler Real Estate Team

Email: taylor@tayjayrealestate.com lara@realtorsinlondon.ca Cell: (519) 614-0405 226-234-1221