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Key Details
Property Type Commercial
Sub Type Commercial Retail
Listing Status Active
Purchase Type For Sale
Subdivision Chatham
MLS Listing ID X12177198
Annual Tax Amount $34,253
Tax Year 2024
Property Sub-Type Commercial Retail
Property Description
An exceptional investment opportunity to acquire a strategic piece of property in a high-traffic area with stable high return. Almost 1 acre land features with gas bar, car wash, oil change since 2008, located in a very busy intersection. The property leased out with great tenant for 20 years long term agreement. Carefree ownership, rent income from day one. The capital rate is over 6.5%. CoC return is over 12% based on the 35% mortgage down payment.
Location
Province ON
County Chatham-kent
Community Chatham
Area Chatham-Kent
Zoning M1-742
Interior
Cooling Yes
Exterior
Utilities Available Yes
Lot Frontage 138.98
Lot Depth 298.18
Others
Security Features Yes
ParcelsYN No
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Listed by HOMELIFE LANDMARK REALTY INC.
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