Welcome to 79 King Street West – the Historic ""Nichol Block"" Nestled in the heart of downtown Chatham, this is a rare chance to own a prime investment property in a dynamic and evolving area with exciting development opportunities on the horizon. Owned by the same family for over 60 years, this property boasts quality long-term tenants and generates approximately $1,615 in monthly rental income. The building features a versatile layout: the ground floor houses a commercial restaurant space, while the upper unit serves as a residential space. Utilities are currently covered by the owner for the residential tenant and paid by the tenant in the lower commercial unit. A full basement, accessible through the restaurant, offers ample storage space. With no existing leases, this property provides incredible flexibility for investors looking to maximize its potential. Don’t miss this unique opportunity to invest in a vibrant and growing downtown core! (id:4069)
Address
79 King STREET West
List Price
$449,900
Property Type
Industrial
Area
Ontario
Sub-Area
Chatham
Lot Size
0.062 Sq. Ft.
Year Built
1900
MLS® Number
24029417
Listing Brokerage
ROYAL LEPAGE PEIFER REALTY Brokerage
Postal Code
N7M1C7
Zoning
UC (CBD)
