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:4069)
Address
85-89 KING Street W
List Price
$675,000
Property Type
Retail
Transaction Type
Sale
Area
Ontario
Sub-Area
Chatham
Floor Area
7,000 Sq. Ft.
MLS® Number
40743658
Listing Brokerage
Vancor Realty Inc.
Basement Area
Full
Postal Code
N7M1C7
Zoning
CBD
