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For Sale
$2,999,000
MLS® 26016624
595 ST CLAIR STREET
Chatham, Ontario, N7L3L3
- Property type
- Industrial
- Building
- Industrial
- Year built
- 1950
- Lot size
- 148.5 X IRR / 1.7 AC
- Ownership
- Freehold
- Business type
- Restaurant
Property facts
- Property type
- Industrial
- Building
- Industrial
- Transaction
- For Sale
- Year built
- 1950
- Lot size
- 148.5 X IRR / 1.7 AC
- Ownership
- Freehold
- Business type
- Restaurant
About this property
Prime Commercial Investment & Development Opportunity -Exceptional opportunity to acquire a high-exposure commercial property on one of the busiest corridors in the City. Situated on over 1.7 acres of HC1-zoned land, this property offers outstanding visibility, excellent accessibility, and tremendous long-term development potential. The property features an approximately 8,700 sq. ft. fully leased commercial building comprised of four retail storefronts, providing an excellent rate of return with immediate income. The building underwent an extensive modernization approximately four years ago, offering updated finishes and minimizing future capital expenditures. With dual access points from St. Clair Street and Gregory Drive, ample on-site parking, and a substantial amount of excess land, the possibilities for expansion, redevelopment, or additional commercial uses are virtually endless (subject to applicable approvals). Ideally positioned near major national retailers and high-traffic commercial amenities, this is a rare opportunity for investors, developers, or owner-users seeking a premier commercial asset in a thriving location. All scheduled appointments are to be within business hours. (id:53361)