An Excellent Opportunity to lease a versatile commercial space at 530 Clarke Rd, near Argyle Mall, in the heart of East London's bustling industrial and commercial district. This high-visibility property offers fantastic street presence and was previously operated as a banquet hall, restaurant, and nightclub with a bar area, boasting a capacity of approximately 400 people across the main and second floors, Approx. 4,100sq ft. on upper level and 5,000 sq. ft on ground level. The property includes chattels available for tenant use and offers RSC5 and LI7 zoning flexibility, accommodating a wide range of businesses such as restaurants, service trades, breweries, automotive services, and other commercial ventures. Additional Rent: Estimated at $8.00 PSF. Annual base rent increment of $0.50 per sq. ft. With ample on-site parking for approximately 50-60 vehicles (parking spots at the front and sides of the building as well as the rear end marked in red), this is an ideal location for a thriving business. Additionally, approximately 1,500 sq. ft. of space is being leased separately (back space behind the kitchen area of building with yard area on the rear end). Don't miss the opportunity to secure this prime space for your business to flourish!
Listing Contracted With: GOLD EMPIRE REALTY INC.
