79 King Street WEST, Chatham, ON, N7M 1C7

$449,900

MLS® # 24029417

Commercial For Sale In Chatham, Ontario

$449,900

Property Information:

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. Don’t miss this unique opportunity to invest in a vibrant and growing downtown core!

Property Features:

  • Bedrooms: 0
  • Acreage Info: N/A or Unknown
  • Built in: 1900
  • District: South West
  • Geocode Source: Google
  • Heating Cooling: Forced Air
  • IND Amenities: Window Display
  • IND Elevators: None
  • IND Parking: On Site
  • IND Power: AMPS
  • IND Rental Equipment: No
  • IND Sq Footage: Office, Retail
  • IND Style: Multi-Storey, Multi-Unit
  • IND Type: Office(s), Retail
  • Major Area: Chatham City
  • Occupancy: Tenant
  • Property Is: Building & Land
  • Property SubTypes: Office(s), Retail
  • PropertyType: Industrial/Commercial
  • Sewer Availability: Connected
  • Showings:
  • Side Of Road: North
  • Sub District: S1
  • Tax Year:
  • Title: Freehold
  • Water Availability: Connected
  • Zoning: UC (CBD)
  • Heating Fuel: Natural Gas
  • Water: Municipal Water
  • Sewer: Sanitary

Courtesy of: Royal LePage Peifer Realty

Data provided by: Chatham-Kent Association of REALTORS® 252 Wellington St. W., Chatham, Ontario N7M 1K1
All information displayed is believed to be accurate but is not guaranteed and should be independently verified. No warranties or representations are made of any kind. Copyright© 2021 All Rights Reserved

Additional Photos