18,000 ft²
Medical / Multifamily
$1,688,000
Sale


Kirill Perelyguine
Kirill Perelyguine
Royal LePage Real Estate Services. Ltd., Brokerage

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- Central Location in Historic Downtown of Chatham-Kent - End User or Redevelopment Opportunity - Occupancy: Lower Level is Occupied by a Medical Office, 12 Residential Apartments Ready To Be Built on Main and Upper Levels - Zoning: UC(CBD) - Central Business District - Nearly 18,000SF of Total Useable Space - New State-of-the-Art HVAC, Security System, Fiber-optic Cables - Elevator Access to 4 Levels, Including Spacious Rooftop Patio


The Space
Asking Price$1,688,000
Available Space18,000 ft²
Property UseInvestment property

The Building - Daily Planet

Amazing Investment/End User Opportunity In The Heart Of Historic Downtown Chatham. Ready to Complete The Commercial Office Building To 12-Plex Mix-Use Conversion. Build While Capitalizing On The Cash Flow From A Long-Term Commercial Tenant (Medical Clinic) On The Lower Floor. The Building Permit Is In Place To Create 12 Apartments On The Second And Third Floor. Projected Cap Rate Of 10%+ ! Elevator Access To All Levels, Including Rooftop Space (Potential Patio Space); New Hvac, Security System.

Property TypeMedical / Multifamily
Floors3
Building Size18,000 ft²
ZoningUC (CBD)
Building ClassB
Year Renovated2009
Construction StatusPermits Issued
Passenger Elevators1

Wheelchair Access
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Kirill Perelyguine
Kirill Perelyguine
Royal LePage Real Estate Services. Ltd., Brokerage
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