7000 sqft
$675,000
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:49187)
Property Details
|
MLS® Number
|
40743658 |
|
Property Type
|
Retail |
Building
|
Basement Type
|
Full |
|
Stories Total
|
3 |
|
Size Exterior
|
7000.0000 |
|
Size Interior
|
7000 Sqft |
|
Utility Water
|
Municipal Water |
Land
|
Acreage
|
No |
|
Sewer
|
Municipal Sewage System |
|
Size Depth
|
183 Ft |
|
Size Frontage
|
44 Ft |
|
Size Total Text
|
Under 1/2 Acre |
|
Zoning Description
|
Cbd |
https://www.realtor.ca/real-estate/28556312/85-89-king-street-w-chatham