This industrial property in Chatham is for sale offering roughly 10,200 sq ft of space. It has been on the market 55 days, fresher than the Chatham average of 77 days.

Description

PRIME HIGH TRAFFIC LOCATION IN THE HEART OF THE CITY OF CHATHAM . ALMOST 1 ACRE OF COMMERCIA LAND, WITH 2 COMMERCIAL BUILDINGS. 1 BUILDINGIS APPROX. 9000 SQ FT 2-STOREY WITH A BASEMENT WITH 1 - 8 X 8 LOADING DOOR. THE OTHER BUILDING IS APPROX. 1200 SQUARE FEET USE TO BE A CAR LOT AND PRIOR TO THAT A GAS STATION WITH 2 BAY DOORS. GREAT LOCATION FOR A MEDICAL CENTER. CURRENTLY THERE ARE 2 RENTAL SIGNS ON THE PROPERTY THAT THE COMPANY THAT INSTALLED AND OWNS THEM PAYS THE PROPERTY OWNER APPROX. $ 4,600.00 PER YEAR RENTAL PER SIGN. THE TWO STOREY BUILDING RENTS FOR $3,500.00 PER MONTH NET LEASE. CALL TO GET YOUR PERSONAL SHOWING. (id:66096)

Property Details

MLS®: 26022206
Property Type: Industrial
Business Type: Industrial
Zoning: COM
Interior Size: 10,200 ft²
Lot Size: 1.00 acres
Building Area: 10,200 ft²
Year Built: 1940
Ownership: Freehold
Property Tax: $11,028/yr
Listed: 55 days ago

Market Timing

Days on market

55d

Chatham listings, avg age

77d

Price / ft²

$127

List price

$1.30M

Haho

This industrial in Chatham has been listed for 55 days, which is 22 days fresher than the city average of 77. Act while there is still low competition.

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Area context

Neighbourhood profile (N7M)

This home lists at $1,300,000, about 18.3× the local median household income of $71,000.

Carrying it typically needs a household income of about $253,936 (20% down, 25-yr amortization, stress-tested) — roughly 258% above the area median.

Median household income: $71,000
Population: 25,579
Median age: 44
Owner / renter: 67% / 33%
Avg. household size: 2.3

Source: Statistics Canada, 2021 Census (FSA N7M)

$1,300,000· $127/ft²

For sale

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180 QUEEN Street, Chatham - Industrial for Sale