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Listed by Corry Van Iersel • Vancor Realty Inc.
$675,000
Est. payment /mo
7,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Retail,Building Only
Listing Status Pending
Purchase Type For Sale
Square Footage 7,000 sqft
Price per Sqft $96
MLS Listing ID 40743658
Abv Grd Liv Area 7,000
Annual Tax Amount $15,912
Property Sub-Type Retail,Building Only
Source Cornerstone
Property Description
An exciting investment and redevelopment opportunity in the heart of downtown Chatham! This solid, three-storey commercial building features two main-floor retail units with potential to reconfigure for a third storefront—ideal for maximizing rental income and street presence. The two upper floors offer generous square footage and are currently vacant, presenting a blank canvas for residential conversion for 6-8 units. With demand for downtown living on the rise, this property is perfectly positioned for apartment development or mixed-use expansion. Gross rent is $4380.00 for two commercial units. Seller may consider VTB options for a qualified buyer.
Location
Province ON
County Chatham-kent
Area Chatham
Zoning CBD
Direction King Street West
Rooms
Basement Full
Kitchen 0
Interior
Fireplace No
Exterior
Lot Frontage 44.5
Lot Depth 183.0
Garage No
Building
Lot Description Other
Faces King Street West
Story 3
Sewer Sewer (Municipal)
Water Municipal
New Construction No
Others
Senior Community No
Tax ID 005040042
Ownership Freehold/None
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