Description
Ideal investment opportunity to acquire three freestanding buildings together located at 110 Duncan Street, 360 James Street, and 344 James Street (an adjoining building) in Wallaceburg, Chatham-Kent. These properties, situated in the downtown area, collectively comprise six retail units and a two-bedroom apartment. Additionally, there is a partially finished apartment area ready for completion, with significant potential to be converted into five to six separate apartment units (four two-bedroom units and two one-bedroom units). Both the retail and residential units have the potential to generate a combined income of $11,000 to $12,000 per month. Kindly note that all three buildings will be sold together to one buyer, and the sale is on an "as is, where is" basis. 110 Duncan St consists of 2 Main Floor commercial retail units (1)1,600 sqft retail unit is leased to a Thrift Store. (2)1,400 sq ft retail unit is empty. 344 James St consists of 2 Main Floor commercial retail units (1)1,500 sq ft is leased to a Nail Salon (2) 1,300 sq ft unit is empty + Upper level area of 1,800 sq ft total of 6 rooms that could be potentially converted to Apartments. 360 James St consists of 2 Main Floor commercial retail units (1)1,200 sq ft unit is empty (2) 1,000 sq ft retail unit is empty + Upper level 1,200 sq ft Apartment with separate entrance that is currently leased.
Overview
Property ID:
X12289004
Type:
Commercial Retail
Square:
1,000 m²
Price:
$575,000
PropertyType:
Commercial
TransactionType:
For Sale
BuildingAreaUnits:
Square Feet
Cooling:
Yes
Heating:
Gas Forced Air Open
ParkingFeatures:
None
YearBuilt:
Unknown
TaxAnnualAmount:
3300
PossessionDetails:
TBA
Map
-
AddressChatham-Kent
Contact Agency
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