$ 585,000
685 Richmond Street
685 Richmond Street, London East, ON N6A5M1 Photo 1
20 Photos
685 Richmond Street, London East, ON N6A5M1 Photo 2
685 Richmond Street, London East, ON N6A5M1 Photo 3
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685 Richmond Street, London East

Excellent opportunity to own an established Filthy Philly franchise at 685 Richmond Street, London, Ontario, ideally located in the vibrant downtown area. This established business generates annual sales of over $550,000 and offers an excellent opportunity for an owner-operator or investor. Attractive lease terms with approximately 10 years remaining plus an additional 10-year renewal option. Monthly rent is approximately $6,300 including TMI. Benefit from an established franchise brand with $0 marketing cost, providing ongoing brand exposure and support. Excellent location with seating capacity of 40 inside 40 patio, surrounded by residential, commercial, entertainment and student activity with strong pedestrian and vehicle traffic. A great opportunity to acquire an established food business with long-term lease security in one of London's active commercial areas. (id:1945)
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Property details for 685 Richmond Street, London East

Type
Commercial
Living Area
1,808 square feet
Heating
Forced air
Cooling
Fully air conditioned

Nearby Listings Stat

Estimated price and comparable properties near 685 Richmond Street

Active Listings
235
Min Price
$1
Max Price
$8,250,000
Avg Price
$714,220
Days on Market
74
days
Sold Listings
88
Min Sold Price
$45,000
Max Sold Price
$1,899,900
Avg Sold Price
$558,603
Days until Sold
71
days

Neighbourhood Census Data

London, Ontario

Population
318
Median Age
26.2
Median Income
$21,504
Dwelling Value
$219,793

Housing Tenure

Owners 28%
Renters 72%

Age Distribution

Dwelling Types

Commute Mode

Education Level

Housing Age

Commute Duration

Avg Household Size: 1.5
Pop. Density: 3,361.5/km²
Avg Shelter Cost: $1,390/mo
Owners with Mortgage: 66.7%
Owners Spending 30%+: 41.7%
Tenants Spending 30%+: 56.2%
English only: 85.9%
English and French: 10.9%
Neither: 1.6%
Median Household Income: $36,736
Median Employment Income: $16,512

Price History

Listed
September 23, 2026
by HOMELIFE/MIRACLE REALTY LTD
Current Price
$585,000
Type
Commercial
For Sale
685 Richmond Street

Contact Agent Get in touch about 685 Richmond Street, London East

SUNNY SHAH
SUNNY SHAH
HOMELIFE/MIRACLE REALTY LTD

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Comparison of 685 Richmond Street, London East, ON with Nearby Commercial Listings
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