$1,099,900
For sale: Other

Exceptional commercial opportunity in Lobo with desirable CM2 zoning, offering endless possibilities for a wide range of business uses. Currently operating as a car dealership, this versatile property is well-equipped for automotive or other commercial ventures, featuring two private office spaces, a storage area, and two service bays for vehicle work. The property also includes a 10,000 lb capacity hoist that has been recently inspected and passed, providing added value and peace of mind for the new owner.Recent improvements include a new roof, new furnace, updated wiring, and a 200-amp electrical panel, making this property move-in ready for a variety of business operations. The property offers ample on-site parking for customers, staff, and inventory. Situated on a deep lot, this property presents additional future potential for residential development or expansion with another structure, subject to municipal approvals. A rare opportunity to own a flexible commercial property.
Sold data
Homes in Middlesex Centre (Lobo Village) took a median of 37 days to sell over the last 90 days, with the quickest quarter selling within 13 days and the slowest quarter taking more than 87, across 73 recorded sales.
That clock counts only the listing each home finally sold on. Measured from the first time these properties came to market, including any earlier listings that were withdrawn and re-entered, the median is 80 days.
The median sale price was $890,000.
Homes sold for about 2.8% below asking on average, so there was room to negotiate.
About 18% of sales closed above the list price.
Around 23% of sellers reduced their price before finding a buyer.
Based on 73 recorded sales in the last 90 days — a small sample, so treat these figures as indicative. Aggregate statistics only; individual sale prices are not shown.
Currently for sale

$999,999
Other1988 RIVER ROAD, East A, London East

$885,000
Other398 RICHMOND STREET, East K, London East

$1,049,999
Other12 - 85 BONDS CORNER ROAD, Woodstock - North, Woodstock

$1,050,000
Other22663 KOMOKA ROAD, Komoka, Middlesex Centre

$1,000,000
Other827 CENTRAL AVENUE, East G, London East

$999,900
Other2 CHURCH STREET, Burgessville, Norwich

$999,900
Other7424 Lakeshore ROAD, Lambton Shores

$897,000
Other62 ALBERT STREET, NW, Strathroy-Caradoc