11 - 551 Richmond Street
London East, ON
2 bath • 3,282 sqft • Sale Of Business • 116 days on market
Unbeatable Richmond Row Downtown Location! Own a 40-seat, fully equipped franchise restaurant in the heart of London Downtown. This high-traffic gem features two patios, perfect for maximizing seasonal revenue. Close to Western University, Fanshawe College, and major corporate hubs, this turnkey space offers maximum visibility. An added bonus: a portion of the space is subleased to Dough Bits, providing additional rental income and reducing your operating costs. A rare opportunity to secure a proven franchise in one of London's most sought-after commercial corridors.
Listing Details
- Listed
- April 28, 2026
Price History
Listing history
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Property
- Lot Size
- 245 x 245 Feet
Utilities
- Sewer
- Sanitary+Storm
Location & Legal
- Cross Street
- Richmond & Albert
- Zoning
- Business Commercial
- Possession
- Flexible
Commercial
- Business Type
- Restaurant
- Occupancy
- Tenant
Community
Postal area N6A
- Population
- 13,810
- Private dwellings
- 9,768
- Median age
- 34
- Average household size
- 1.8
- Median household income
- $61,200
Source: Statistics Canada, 2021 Census of Population, catalogue 98-401-X2021013. Adapted from Statistics Canada. This does not constitute an endorsement by Statistics Canada of this product.
Local market
Commercial in London East · last 12 months
- Median sold price
- $460,000
- Homes sold
- 1,317
- Median days on market
- 24
- Sale-to-list price
- 97.1%
Based on 1,317 recorded sales of commercial properties in London East over the last 12 months.
Listed by
KING REALTY INC.
Walk Score
Walk
Transit
Bike
Scores by Walk Score®
Location
Commercial figures
- Building area
- 3,282 sq ft
- Price per sq ft
- $99.02
Derived from the listing's own figures. Taxes are as reported by the listing brokerage and may be a prior year.
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