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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision East K
MLS Listing ID X13413150
Annual Tax Amount $7
Tax Year 2026
Property Sub-Type Commercial Retail
Property Description
Turnkey restaurant opportunity in the heart of Downtown London. Located at 186 King Street, this impressive 4,535 SF restaurant space is fully equipped and ready for immediate operation. The dining area accommodates up to 74 patrons and features a complete bar setup, including keg lines connected to a walk-in cooler located in the basement. The expansive commercial kitchen is designed to handle high-volume operations and includes a 16-foot commercial exhaust hood, walk-in cooler, walk-in freezer, and extensive food preparation space. Located in one of London's busiest downtown corridors, directly in front of the City's new Bus Rapid Transit corridor, the property benefits from high pedestrian and vehicle traffic, making it an ideal location for dine-in service, takeout, and delivery-focused concepts. Surrounded by office towers, retail businesses, entertainment venues, and hundreds of residential units, including approximately 200 apartment units directly above the space. Just steps from the Covent Garden Market and Canada Life Place, home to major sporting events, concerts, and year-round attractions. A large public parking lot directly in front of the restaurant provides convenient customer parking, while secured employee parking is available next door for an additional fee. Net rent is $25.00 per SF plus $7.50 per SF TMI ($12,282.29 per month), plus HST and utilities.
Location
Province ON
County Middlesex
Area Middlesex
Zoning DA1(9) , TSA5
Interior
Cooling Yes
Exterior
Parking Features None
Community Features Public Transit
Utilities Available Yes
Building
Lot Description Lot
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Lited by EXP REALTY
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