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:62499)
| MLS® Number | 40743658 |
| Property Type | Retail |
| Basement Type | Full |
| Stories Total | 3 |
| Size Exterior | 7000.0000 |
| Size Interior | 7,000 Ft2 |
| Utility Water | Municipal Water |
| 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
Contact us for more information
Corry Christopher Van Iersel
Broker of Record
(519) 242-0277
www.vancorgroup.com/
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