This industrial property in Chatham is for sale offering roughly 15,000 sq ft of space. It has been on the market 55 days, fresher than the Chatham average of 76 days.

Description

EXCELLENT BUSINESS OPPORTUNITY . WAS ORIGINALY USED AND BUILT FOR THE LOCAL AUTO WORKERS UNION HALL AND BANQUET FACILITY, MAIN HALL WITH STAGEAND SEPERATE BATHROOMS PLUS SEVICE BAR AND KITCHEN SET UP AND LICENSED FOR 402 PERSON. LOUNGE WITH PATIO AND SEPERATE BATHROOMS AND SMALL COOKING AREA WITH A SERVICE BAR LICENSED FOR 125 PERSON. PLUS 5000 SQ FT OF OFFICE SPACE AND MEETING ROOMS. FULLY HANDICAP ACCESSIBLE. ALL THIS SITTING ON 3.6 ACRES OF LAND. 48 HRS NOTICE REQUIRED FOR ALL SHOWINGS. CALL FOR YOUR PERSONAL VEIWING. (id:66096)

Property Details

MLS®: 26022200
Property Type: Industrial
Zoning: COMMERCIAL
Interior Size: 15,000 ft²
Lot Size: 3.62 acres
Building Area: 15,000 ft²
Year Built: 1970
Heating: Forced air, Natural gas
Cooling: Central air conditioning, Air Conditioned
Ownership: Freehold
Listed: 55 days ago

Market Timing

Days on market

55d

Chatham listings, avg age

76d

Price / ft²

$113

List price

$1.70M

Haho

This industrial in Chatham has been listed for 55 days, which is 21 days fresher than the city average of 76. Act while there is still low competition.

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Area context

Neighbourhood profile (N7M)

This home lists at $1,695,000, about 23.9× the local median household income of $71,000.

Carrying it typically needs a household income of about $331,093 (20% down, 25-yr amortization, stress-tested) — roughly 366% 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)

$1,695,000· $113/ft²

For sale

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280 MERRITT Avenue, Chatham - Industrial for Sale

Description

Property Details

Features

Market Timing

Location

Nearby Places

Neighbourhood profile (N7M)

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