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. (id:4555)
PROPERTY SPECS
Price $675,000
City Chatham, Ontario
Address 85 KING Street
Listing ID 40743658
Square Footage 7000
Type Industrial/Commercial
Status For Sale
EXTENDED FEATURES
SubtypeRetailOwnershipFreeholdBasementFullSewerMunicipal sewage system