14,228 ft²Other$4,000,000Sale
14,228 ft²
Other
$4,000,000
Sale
![Bradley Gleed](https://www.spacelist.ca/assets/thumb/avatar-placeholder.png)
Bradley Gleed
A TEAM LONDON
The Space
Asking Price$4,000,000
Available Space14,228 ft²
MLS® ID40608676
ZoningRO1
Stories2
Parking Spaces42
SourceLondon and St. Thomas Association of REALTORS®
The Building
Prime commercial property fronting on busy Wellington Road South on the new Bus Rapid Transit North/South Corridor with average traffic counts of 41,500 vehicles per day. Situated on 1.145 acres, the property has superior exposure to a major arterial road and transit, and is well suited for high density high-rise development. The site is currently improved with a 14,228 sq ft split level office building comprised of 9,097 sq ft finished space above grade and 5,131 sq ft of finished space at or below grade. Split-level building style with several entrances and is easily divisible. Space is comprised of private offices, work spaces, boardrooms and meeting rooms. Close to all amenities including London Health Sciences Centre, White Oaks Mall, schools, churches, shopping and restaurants. Zoning allows Offices, Medical/Dental Offices, Clinics, Medical/Dental laboratories, Business service establishments, Day care centres, Personal service establishments and Financial institutions. The property is located just 1.5 km from London Health Sciences Centre and is across the street from Westminster Ponds, a 200-hectare environmentally significant area with ponds and walking trails. Lots of onsite parking with 42 parking spaces. Easy access to the 401 and downtown. The London Plan designates the site as Rapid Transit Corridor with Rapid Transit Boulevard street classification, providing an opportunity for intensification. Preliminary pre-consultation planning suggests a variety of development options exist ranging from an 11-unit, 2 storey townhouse development up to 12-16 storey apartment high-rise with up to 208 units. Also available For Lease (MLS #40557077)
Property TypeOther
Building Size14,228 ft²
Lot Size1.15 AC
MLS® ID40608676
ZoningRO1
Stories2
Parking Spaces42
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Additional Listings at743 Wellington Road, London, ON
Type
Suite
Price
Size
Space Type
Lease
Building
$30.00/sf/yr
1,225-14,228 ft²
Other
Up to $500K for Ontario businesses
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