19 Adelaide Street
London South, ON
- Sale Of Business
- 105 days on market
A rare opportunity to acquire a flagship Mobil-branded gas station and convenience store in one of Londons highest-traffic locations. Established in 1985, this operation offers over four decades of consistent revenue, community trust, and the strength of a globally recognized brand. Situated prominently at the signalized corner of Adelaide Street South and Thompson Street, the site benefits from unmatched visibility to more than 26,000 vehicles per day, steady walk-in traffic, and direct access to established residential neighbourhoods immediately behind the property. The convenience store spans approximately 1,200 square feet and features dual washrooms, on-site parking, and an efficient layout designed for customer flow and operational ease. Current lease terms are approximately $6,500 plus HST net per month under a cross-lease arrangement, providing stability for long-term operators. The purchase price is in addition to the cost of inventory at closing. This property represents a recession-resistant business model anchored by fuel and retail sales, with significant future upside potential through ancillary services such as lottery, ATM, foodservice, or parcel pickup. An exceptionally well-located, turnkey business in one of London's busiest corridors, this offering provides immediate cash flow and long-term security. plus cost of fuel and store inventory which could be approx. $130,000.
Listing Details
- Taxes (2025)
- $7,900
- Listed
- May 20, 2026
Price History
Listing history
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Property
- Lot Size
- 80 x 115 Feet
Parking
- Garage
- None
Location & Legal
- Cross Street
- Adelaide St S and Hayes St
- Zoning
- Gas Station/convenience store(legal nonconforming)
- Parcel Number
- 083570293
- Possession
- Flexible
- Occupancy
- Owner
Commercial
- Business Type
- Gas Station
Included
- Inclusions
- three coolers, Feral shake machine, Freezer, windshield rack, all the shelving outside and in the store, pos cards machine, pop corn machine, patty warming machine. three tv's, computer, camera security system,
- Exclusions
- Coke, Pepsi, Aquafina, ice cream, freezer, ice freezer, slushy machine, passport photo camera, coffee machine, lotto machine, phone cards machine
- Rental Items
- security monitoring $75 a month
Community
Postal area N5Z
- Population
- 24,067
- Private dwellings
- 11,008
- Median age
- 40
- Average household size
- 2.3
- Median household income
- $64,500
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 South · last 12 months
- Median sold price
- $585,000
- Homes sold
- 1,893
- Median days on market
- 27
- Sale-to-list price
- 97.5%
Based on 1,893 recorded sales of commercial properties in London South over the last 12 months.
Listed by
CENTURY 21 FIRST CANADIAN CORP
Walk Score
Walk Score is unavailable for this address right now.
Location
Street View
Commercial figures
- Annual property tax
- $7,900
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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