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17451 US 377 Hwy

6,400 SF 100% Leased Retail Building London, TX 76854 £172,061 (£27/SF)

Investment Highlights

  • Current Grill operating
  • Directly across from London Dance Hall
  • Building and equipment being sold

Executive Summary

Today, London Grocery & Grill stands proud, a beacon of the community’s spirit, encompassing approximately 6,400 sq ft of combined commercial/residential potential. Nestled in the heart of a quaint small town that blends the charm of history with the pulse of present-day life, London Grocery & Grill stands as a testament to the endurance of family enterprise and community service. Established in the early 1900s, this remarkable building began its journey as a simple grocery store its foundations laid with bricks of diligence and mortar of tradition. The potential offered in this property to create possible rental apartment upstairs, updating of the Grocery & Grill as well as potential for additional rental space. Grill is still currently serving Breakfast & lunch to customers and very much operational. Remaining areas of the building are in need of some TLC and updating. Pricing is in the real estate and fixtures.

Attachments

Condition Form

Property Facts

Sale Type
Investment or Owner User
Sale Condition
Deferred Maintenance
Property Type
Retail
Property Subtype
Storefront
Building Size
6,400 SF
Building Class
C
Year Built
1935
Price
£172,061
Price Per SF
£27
Percent Leased
100%
Number of Floors
2
Building FAR
0.36
Lot Size
0.41 AC
Zoning
Commercial - Unrestricted
Frontage
200 ft on N US Hwy. 377

Amenities

  • Corner Lot
  • Restaurant
  • Storage Space
  • Air Conditioning

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
4903
Land Assessment
£3,662
Improvements Assessment
£156,193
Total Assessment
£159,855
  • Listing ID: 33626915

  • Date on Market: 24/10/2024

  • Last Updated:

  • Address: 17451 US 377 Hwy, London, TX 76854

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