561 PARK AVENUE

$492,000

561 PARK AVENUE

Chatham, ON

Type
Industrial
Status
Active
Living area
3,800 sqft
MLS®
26010585

About this property

Attention Investors & Owner-Operators — Don’t Miss This Exceptional Opportunity! This solid two-storey mixed-use building offers the perfect blend of business ownership and investment income. Featuring approximately 2,400 sq. ft. of vacant commercial space on the main floor, this property is ideal for an owner-operator or a wide range of commercial uses, supported by favourable zoning. The upper level includes two separate two-bedroom residential units — one currently tenanted at $1,200/month, while the second unit is vacant and market-ready with an estimated rent of $1,500/month, offering immediate upside. Situated on an extra-large lot approximately 200 feet deep, the property provides ample on-site parking and exceptional future development or expansion potential, this is a rare, flexible asset well-suited for investors looking to maximize returns or owner-operators seeking to offset operating costs with rental income. (id:66946)

Listing courtesy of JUMP REALTY INC.. Data provided by the CREA Data Distribution Facility (DDF®). Information is deemed reliable but not guaranteed.